M&A Deal Summary

Chopt Creative Salad Acquires Dos Toros

On January 23, 2020, Chopt Creative Salad acquired restaurant Dos Toros from Strand Equity

Acquisition Highlights
  • This is Chopt Creative Salad’s 1st transaction in the Restaurants sector.
  • This is Chopt Creative Salad’s 1st transaction in the United States.
  • This is Chopt Creative Salad’s 1st transaction in New York.

M&A Deal Summary
Date 2020-01-23
Target Dos Toros
Sector Restaurants
Buyer(s) Chopt Creative Salad
Sellers(s) Strand Equity
Deal Type Add-on Acquisition

Target

Dos Toros

New York, New York, United States
Dos Toros is an operator of a chain of restaurants. Dos Toros San Francisco-style taqueria bringing Mission-style burritos and lightning-speed service to the East Coast and Midwest. Dos Toros was founded in 2009 and is based in New York City.

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Buyer(S) 1

Buyer

Chopt Creative Salad

Rye Brook, New York, United States
Category Company
Founded 2001
Sector Restaurants
DESCRIPTION

Chopt Creative Salad Co. is an operator of salad category restaurants with over 50 locations in the U.S. Chopt’s menu features a broad array of classic salads, salad sandwiches, grain, and noodle bowls, and warm kale and quinoa bowls, all served with flavorful scratch-made dressings. Chopt Creative Salad was founded in 2001 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Strand Equity

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Strand Equity Partners is a growth equity firm investing in companies from the consumer industry. Prospective transaction types include management buyouts and growth financings. Strand Equity Partners was formed in 2012 and is based in Los Angeles, California.

DEAL STATS #
Overall 5 of 16
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 4 of 10
State (New York) 2 of 3
Country (United States) 5 of 14
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Chopt Creative Salad

Rye Brook, New York, United States

Chopt Creative Salad Co. is an operator of salad category restaurants with over 50 locations in the U.S. Chopt’s menu features a broad array of classic salads, salad sandwiches, grain, and noodle bowls, and warm kale and quinoa bowls, all served with flavorful scratch-made dressings. Chopt Creative Salad was founded in 2001 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 WTRMLN WTR

Denver, Colorado, United States

WTRMLN WTR is a producer of cold-pressed juiced watermelon, sourced straight from the fruit, each and every bottle contains just 3 simple ingredients – watermelon flesh, watermelon rind, and organic lemon. WTRMLN WTR was founded in 2013 and is based in Denver, Colorado.

Sell -
Mergr

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