M&A Deal Summary

Meritage Acquires Wendy s 5 Restaurants

On October 31, 2019, Meritage acquired restaurant Wendy s 5 Restaurants from The Wendy s

Acquisition Highlights
  • This is Meritage’s 1st transaction in the Restaurants sector.
  • This is Meritage’s 1st transaction in the United States.
  • This is Meritage’s 1st transaction in Georgia.

M&A Deal Summary
Date 2019-10-31
Target Wendy s 5 Restaurants
Sector Restaurants
Buyer(s) Meritage
Sellers(s) The Wendy s
Deal Type Divestiture

Target

Wendy s 5 Restaurants

Atlanta, Georgia, United States
Wendy's 5 Restaurants comprises five restaurants located in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Meritage

Grand Rapids, Michigan, United States

website

Category Company
Founded 1986
Sector Restaurants
Employees330
Revenue 626M USD (2022)
DESCRIPTION

Meritage is a progressive, dynamic company, driving strategic growth in the competitive culinary market. The company comprised of 5 thriving brands- Wendy’s®, Twisted Rooster, Crooked Goose, Freighters Eatery & Taproom and Wheelhouse that span 8 states and include 6,100 employees. Each concept delivers a distinctive dining experience for guests, a work environment rich with opportunity for team members & optimum results for stakeholders. Meritage was founded in 1986 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 1 of 2
Sector (Restaurants) 1 of 2
Type (Divestiture) 1 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 Wendy s 6 Restaurants

Jacksonville, Florida, United States

Wendy's 6 Restaurants comprises of six restaurants located in Jacksonville, Florida.

Buy -

Seller(S) 1

SELLER

The Wendy s

Dublin, Ohio, United States

website

Category Company
Founded 1969
Sector Restaurants
Employees13,300
Revenue 2.1B USD (2022)
DESCRIPTION
Entrance to Wendy's corporate headquarters in Dublin, Ohio.
Entrance to Wendy's corporate headquarters in Dublin, Ohio.

The Wendy's is a major quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company restaurants in the U.S. and 29 other countries and U.S. territories worldwide. The Wendy’s was founded in 1969 and is based in Dublin, Ohio.

DEAL STATS #
Overall 6 of 7
Sector (Restaurants) 5 of 6
Type (Divestiture) 6 of 7
State (Georgia) 1 of 1
Country (United States) 6 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-09 Wendy s 62 Restaurants

Dublin, Ohio, United States

Wendy's 62 Restaurants are located in south central Pennsylvania in and around Harrisburg and Allentown, Pennsylvania

Sell $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 Wendy s 6 Restaurants

Jacksonville, Florida, United States

Wendy's 6 Restaurants comprises of six restaurants located in Jacksonville, Florida.

Sell -
Mergr

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