M&A Deal Summary

Recipe Acquires The Landing Group

On December 22, 2014, Recipe acquired restaurant The Landing Group

Acquisition Highlights
  • This is Recipe’s 2nd transaction in the Restaurants sector.
  • This is Recipe’s 2nd transaction in Canada.
  • This is Recipe’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2014-12-22
Target The Landing Group
Sector Restaurants
Buyer(s) Recipe
Deal Type Add-on Acquisition

Target

The Landing Group

Oakville, Ontario, Canada
website
The Landing Group is a Southern Ontario based, high-volume, upscale casual restaurant concept. Its business includes lunch, dinner and late night and the restaurants have an exciting bar-restaurant atmosphere with unique indoor/outdoor configurations. There are currently three market-leading restaurants in the Landing Group; Williams Landing, which is located at Liberty Village in Toronto, Hunters Landing, which is located at Concord CityPlace, Toronto, and Harpers Landing, which is located in Oakville, 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 2 of 8
Sector (Restaurants) 2 of 8
Type (Add-on Acquisition) 2 of 5
State (Ontario) 2 of 6
Country (Canada) 2 of 8
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-17 Prime Restaurants

Mississauga, Ontario, Canada

Prime Restaurants Inc. ("Prime") franchises, owns and operates casual dining restaurant brands and premium Irish pubs in Canada. Prime has a number of competitive strengths that have helped the company maintain a leadership position in the Canadian casual dining industry.

Buy $59M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 New York Fries

Toronto, Ontario, Canada

New York Fries Ltd. is a retail chain of quick-service restaurants that specializes in fresh-cut fries and poutine.

Buy -
Mergr

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