M&A Deal Summary

Papa John’s Acquires Great American Pizza inc.

On August 23, 1999, Papa John’s acquired restaurant Great American Pizza inc. for 7M USD

Acquisition Highlights
  • This is Papa John’s’ 3rd transaction in the Restaurants sector.
  • This is Papa John’s’ 3rd largest (disclosed) transaction.
  • This is Papa John’s’ 3rd transaction in the United States.
  • This is Papa John’s’ 1st transaction in Ohio.

M&A Deal Summary

Date 1999-08-23
Target Great American Pizza inc.
Sector Restaurants
Buyer(s) Papa John’s
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Great American Pizza inc.

Cleveland, Ohio, United States
Great American Pizza, Inc. was a franchisee which operated 18 Papa John's restaurants in the Cleveland, Ohio market.

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Buyer(S) 1

Buyer

Papa John’s

Louisville, Kentucky, United States

website


Category Company
Founded 1984
SectorFranchising
Employees16,700
Revenue 2.1B USD (2021)
DESCRIPTION
Papa Johns' office in Atlanta, Georgia.
Papa Johns' office in Atlanta, Georgia.

Papa John’s is a pizza franchisor and delivery company. Papa John’s was founded in 1984 and is based in Louisville, Kentucky.


DEAL STATS #
Overall 3 of 5
Sector (Restaurants) 3 of 5
Type (Add-on Acquisition) 3 of 4
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (1999) 3 of 4
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-28 Minnesota Pizza Company

Minnesota, United States

Minnesota Pizza Company, LLC was a franchisee that operated 37 Papa John's restaurants in the Minneapolis/St. Paul, Minnesota market.

Buy $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-29 Perfect Pizza Holdings Limited

United Kingdom

Perfect Pizza Holdings Limited is a company which operated and franchised 206 restaurants (12 Company-owned and 194 franchised) in the United Kingdom.

Buy $32M