M&A Deal Summary

Cracker Barrel Old Country Store Acquires Maple Street Biscuit

On October 11, 2019, Cracker Barrel Old Country Store acquired restaurant Maple Street Biscuit for 36M USD

Acquisition Highlights
  • This is Cracker Barrel Old Country Store’s 2nd transaction in the Restaurants sector.
  • This is Cracker Barrel Old Country Store’s 2nd largest (disclosed) transaction.
  • This is Cracker Barrel Old Country Store’s 2nd transaction in the United States.
  • This is Cracker Barrel Old Country Store’s 1st transaction in Florida.

M&A Deal Summary
Date 2019-10-11
Target Maple Street Biscuit
Sector Restaurants
Buyer(s) Cracker Barrel Old Country Store
Deal Type Add-on Acquisition
Deal Value 36M USD

Target

Maple Street Biscuit

Jacksonville, Florida, United States
Maple Street Biscuit Co. has 28 company-owned and five franchised fast-casual locations across seven states.

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Buyer(S) 1

Buyer

Cracker Barrel Old Country Store

Lebanon, Tennessee, United States
Category Company
Founded 1969
Sector Restaurants
Employees77,000
Revenue 3.4B USD (2023)
DESCRIPTION

Cracker Barrel Old Country Store is an operator of country stores and restaurants. Cracker Barrel Old Country Store was founded in 1969 and is based in Lebanon, Tennessee.

DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Punch Bowl Social

Denver, Colorado, United States

Punch Bowl Social LLC serves weekend brunch, lunch, dinner and late-night snacks alongside a variety of creative punches, local microbrews, and craft non-alcoholic beverages. Punch Bowl Social was founded in 2012 and is based in Denver, Colorado.

Buy $140M
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