M&A Deal Summary

Foodtastic Acquires Quesada Burritos & Tacos

On December 2, 2022, Foodtastic acquired franchising company Quesada Burritos & Tacos

Acquisition Highlights
  • This is Foodtastic’s 1st transaction in the Franchising sector.
  • This is Foodtastic’s 3rd transaction in Canada.
  • This is Foodtastic’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2022-12-02
Target Quesada Burritos & Tacos
Sector Franchising
Buyer(s) Foodtastic
Deal Type Add-on Acquisition

Target

Quesada Burritos & Tacos

Toronto, Ontario, Canada
website
Quesada Burritos & Tacos is a quick-service restaurant brand that sparked the rise of the burrito category in Canada. Quesada Burritos & Tacos was formed in 2004 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Foodtastic

Pierrefonds, Quebec, Canada

website

Category Company
Founded 2016
Sector Franchising
DESCRIPTION

Foodtastic provides restaurant franchising business. The Company operates as a franchisor of multiple restaurant concepts including, La Belle et La Boeuf, Carlos & Pepe's, Souvlaki Bar, Nickels, and Bacaro. Foodtastic was founded in 2016 and is based in Pierrefonds, Quebec.

DEAL STATS #
Overall 3 of 4
Sector (Franchising) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Ontario) 3 of 4
Country (Canada) 3 of 4
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Pita Pit

Kingston, Ontario, Canada

Pita Pit brings the highly successful Pita Pit concept created in Canada to customers throughout the world, outside of the USA and Canada. Pita Pit product is handmade, customizable, nutritious, portable, fast, and fun. Pita Pit was established in 1995 and is based in Kingston, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 Freshii

Toronto, Ontario, Canada

Freshii is a health-casual restaurant brand that serves fresh food designed to energize people on the go. With a diverse and completely customizable menu of breakfast, soups, salads, wraps, bowls, burritos, frozen yogurt, juices and smoothies served in an eco-friendly environment, Freshii caters to every taste and dietary preference. Freshii was formed in 2005 and is based in Toronto, Ontario.

Buy $74M
Mergr

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