M&A Deal Summary

Recipe Acquires Fresh Restaurants

On May 6, 2021, Recipe acquired restaurant Fresh Restaurants from Crave It Restaurant

Acquisition Highlights
  • This is Recipe’s 8th transaction in the Restaurants sector.
  • This is Recipe’s 8th transaction in Canada.
  • This is Recipe’s 6th transaction in Ontario.

M&A Deal Summary
Date 2021-05-06
Target Fresh Restaurants
Sector Restaurants
Buyer(s) Recipe
Sellers(s) Crave It Restaurant
Deal Type Divestiture

Target

Fresh Restaurants

Toronto, Ontario, Canada
website
Fresh Restaurants is the original source for modern plant-based food. Fresh Restaurants offers a full line of raw, organic cold-pressed juices, and craft cocktails made with local artisanal ingredients. Fresh Restaurants was founded in 1999 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Recipe

Vaughan, Ontario, Canada

website

Category Company
Founded 1883
Sector Restaurants
Employees17,500
Revenue 865M CAD (2020)
DESCRIPTION

Recipe is a provider of full service restaurants in Canada. Recipe was founded in 1883 and is based in Vaughan, Canada.

DEAL STATS #
Overall 8 of 8
Sector (Restaurants) 8 of 8
Type (Divestiture) 3 of 3
State (Ontario) 6 of 6
Country (Canada) 8 of 8
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 The Burger s Priest

Toronto, Ontario, Canada

The Burger's Priest is a classic cheeseburger joint redeeming the hamburger one at a time with 14 Locations in Ontario and Alberta. The Burger's Priest was founded in 2010 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Milestones Restaurant Brand

Vaughan, Ontario, Canada

Milestones Restaurant Brand is a full-service restaurant company.

Sell -

Seller(S) 1

SELLER

Crave It Restaurant

Oakville, Ontario, Canada

website

Category Company
Founded 2013
Sector Restaurants
DESCRIPTION

Crave It Restaurant is an operator and developer of some notable brands including Via Cibo Italian Street Food, Stoney’s Bread Company, and The Burger’s Priest. Crave It Restaurant was founded in 2013 and is based in Oakville, Ontario.

DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Divestiture) 2 of 2
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 The Burger s Priest

Toronto, Ontario, Canada

The Burger's Priest is a classic cheeseburger joint redeeming the hamburger one at a time with 14 Locations in Ontario and Alberta. The Burger's Priest was founded in 2010 and is based in Toronto, Ontario.

Sell -
Mergr

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