M&A Deal Summary

Foodtastic Acquires Milestones Restaurant Brand

On June 14, 2021, Foodtastic acquired restaurant Milestones Restaurant Brand from Recipe

Acquisition Highlights
  • This is Foodtastic’s 1st transaction in the Restaurants sector.
  • This is Foodtastic’s 1st transaction in Canada.
  • This is Foodtastic’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-06-14
Target Milestones Restaurant Brand
Sector Restaurants
Buyer(s) Foodtastic
Sellers(s) Recipe
Deal Type Divestiture

Target

Milestones Restaurant Brand

Vaughan, Ontario, Canada
Milestones Restaurant Brand is a full-service restaurant company.

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Buyer(S) 1

Buyer

Foodtastic

Pierrefonds, Quebec, Canada
Category Company
Founded 2016
Sector Franchising
DESCRIPTION

Foodtastic provides restaurant franchising business. The Company operates as a franchisor of multiple restaurant concepts including, La Belle et La Boeuf, Carlos & Pepe's, Souvlaki Bar, Nickels, and Bacaro. Foodtastic was founded in 2016 and is based in Pierrefonds, Quebec.

DEAL STATS #
Overall 1 of 4
Sector (Restaurants) 1 of 3
Type (Divestiture) 1 of 1
State (Ontario) 1 of 4
Country (Canada) 1 of 4
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Pita Pit

Kingston, Ontario, Canada

Pita Pit brings the highly successful Pita Pit concept created in Canada to customers throughout the world, outside of the USA and Canada. Pita Pit product is handmade, customizable, nutritious, portable, fast, and fun. Pita Pit was established in 1995 and is based in Kingston, Ontario.

Buy -

Seller(S) 1

SELLER

Recipe

Vaughan, Ontario, Canada
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 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Fresh Restaurants

Toronto, Ontario, Canada

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.

Buy -
Mergr

Product

Company

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