Add-on Acquisition • Restaurants

Foodtastic Acquires Pita Pit

On August 3, 2021, Foodtastic acquired restaurant Pita Pit

Acquisition Context

This is Foodtastic’s 2nd transaction in the Restaurants sector.
This is Foodtastic’s 2nd transaction in Canada.
This is Foodtastic’s 2nd transaction in Ontario.

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M&A Deal Summary
Date	August 3, 2021
Target	Pita Pit
Sector	Restaurants
Buyer(s)	Foodtastic
Deal Type	Add-on Acquisition

Target Company

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.

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Buyer Overview 1

Buyer

Foodtastic

Montreal, 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 Montreal, Quebec.

Deal Context for Buyer	#
Overall	2 of 5
Sector: Restaurants	2 of 4
Type: Add-on Acquisition	1 of 4
State: Ontario	2 of 4
Country: Canada	2 of 5
Year: 2021	2 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-06-14	Milestones Restaurant Brand Vaughan, Ontario, Canada Milestones Restaurant Brand is a full-service restaurant company.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2021-06-14

Milestones Restaurant Brand

Vaughan, Ontario, Canada

Milestones Restaurant Brand is a full-service restaurant company.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-12-02	Quesada Burritos & Tacos Toronto, Ontario, Canada Quesada Burritos & Tacos is a quick-service restaurant brand that sparked the rise of the burrito category in Canada. Quesada Burritos & Tacos was formed in 2004 and is based in Toronto, Ontario.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-12-02

Quesada Burritos & Tacos

Toronto, Ontario, Canada

Quesada Burritos & Tacos is a quick-service restaurant brand that sparked the rise of the burrito category in Canada. Quesada Burritos & Tacos was formed in 2004 and is based in Toronto, Ontario.

Buy

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