M&A Deal Summary

MTY Acquires Taco Time Canada

On November 3, 2008, MTY acquired restaurant Taco Time Canada from Kahala Franchising for 8M USD

Acquisition Highlights
  • This is MTY’s 6th transaction in the Restaurants sector.
  • This is MTY’s 15th largest (disclosed) transaction.
  • This is MTY’s 7th transaction in Canada.
  • This is MTY’s 1st transaction in Alberta.

M&A Deal Summary
Date 2008-11-03
Target Taco Time Canada
Sector Restaurants
Buyer(s) MTY
Sellers(s) Kahala Franchising
Deal Type Divestiture
Deal Value 8M USD

Target

Taco Time Canada

Calgary, Alberta, Canada
website
Taco Time Canada, Inc. is a operator and franchiser of restaurants in Canada. There are 117 franchised Taco Time outlets in operation in Western Canada, with 51% of the outlets in shopping malls, and balance of the outlets on street front locations and power centres.

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Buyer(S) 1

Buyer

MTY

St. Laurent, Quebec, Canada

website

Category Company
Founded 1979
Sector Food
Employees7,062
Revenue 717M CAD (2022)
DESCRIPTION

MTY is among the foremost quick service companies in Canada. It operates 26 banners, of which 22 are fully owned and 4 are under exclusive license agreements. MTY Group's multi-bannered strategy has allowed it to become a leader in its class. MTY was founded in 1979 and is based in Saint-Laurent, Canada.

DEAL STATS #
Overall 8 of 48
Sector (Restaurants) 6 of 40
Type (Divestiture) 3 of 3
State (Alberta) 1 of 3
Country (Canada) 7 of 37
Year (2008) 2 of 2
Size (of disclosed) 15 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-22 Tutti Frutti Dejeuners

Laval, Quebec, Canada

Tutti Frutti operates restaurants in Canada. There are presently 28 existing Tutti Frutti outlets in Quebec in the breakfast casual dinning segment restaurant market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-13 Country Style Food Services Holdings

Richmond Hill, Ontario, Canada

Country Style Food Services Holdings, Inc. is a quick service restaurant chain, which owns the intellectual property and franchising rights to the Country Style and BunsMaster operations. There are presently 114 Country Style traditional stores, and 360 Country Style non-traditional outlets, as well as 16 BunsMaster retail stores, all of which are franchised outlets with the exception of 4 company owned Country Style traditional stores.

Buy $17M

Seller(S) 1

SELLER

Kahala Franchising

Scottsdale, Arizona, United States

website

Category Company
Sector Restaurants
Employees15
Revenue 5M USD (2001)
DESCRIPTION

Kahala Franchising LLC (Kahala Brands) is a portfolio of 14 quick-service restaurant brands with approximately 2600 locations in over 25 countries including: Cold Stone Creamery®, Blimpie®, TacoTime™, Samurai Sam's Teriyaki Grill®, The Great Steak & Potato Company™, NrGize Lifestyle Cafe™, Surf City Squeeze®,

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-24 Taco Time International

Scottsdale, Arizona, United States

Taco Time International is a most popular Mexican restaurant chain boasts over 300 franchised outlets in twelve states, as well as throughout Puerto Rico and Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-02 Tasti D-Lite

Franklin, Tennessee, United States

Tasti D-Lite LLC is a provider of unique low-fat and lower-calorie frozen dairy dessert product sold through its network of retail stores.

Buy -
Mergr

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