Add-on Acquisition • Restaurants

Cosi Acquires Hearthstone Associates

On April 1, 2015, Cosi acquired restaurant Hearthstone Associates

Acquisition Context

This is Cosi’s 1st transaction in the Restaurants sector.
This is Cosi’s 1st transaction in the United States.
This is Cosi’s 1st transaction in Massachusetts.

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M&A Deal Summary
Date	April 1, 2015
Target	Hearthstone Associates
Sector	Restaurants
Buyer(s)	Cosi
Deal Type	Add-on Acquisition

Target Company

Hearthstone Associates

Boston, Massachusetts, United States

Hearthstone Associates LLC is a privately held company operates restaurants in Boston, Logan Airport, and surrounding suburbs.

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Buyer Overview 1

Buyer

Cosi

Boston, Massachusetts, United States

Category	Company
Founded	1994
Sector	Restaurants
Employees	1,725
Revenue	90M USD (2015)

DESCRIPTION

Cosi, Inc. is a restaurant and cafe chain serving breakfast, lunch and dinner items.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Restaurants	1 of 1
Type: Add-on Acquisition	1 of 1
State: Massachusetts	1 of 1
Country: United States	1 of 1
Year: 2015	1 of 1

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