M&A Deal Summary

MTY Acquires BBQ Holdings

On August 9, 2022, MTY acquired restaurant BBQ Holdings for 200M USD

Acquisition Highlights
  • This is MTY’s 39th transaction in the Restaurants sector.
  • This is MTY’s 4th largest (disclosed) transaction.
  • This is MTY’s 9th transaction in the United States.
  • This is MTY’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-08-09
Target BBQ Holdings
Sector Restaurants
Buyer(s) MTY
Deal Type Add-on Acquisition
Deal Value 200M USD
Advisor(s) Lathrop GPM (Legal)

Target

BBQ Holdings

Minnetonka, Minnesota, United States
BBQ Holdings is a franchisor and operator of casual and fast casual dining restaurants across 37 states in the U.S., Canada, and the United Arab Emirates. Its flagship restaurant brands operate under the famous dave’s, village inn, barrio queen, and granite city, banners. BBQ Holdings is based in Minnetonka, Minnesota.

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Buyer(S) 1

Buyer

MTY

St. Laurent, Quebec, Canada
Category Company
Founded 1979
Sector Food
Employees7,326
Revenue 1.2B CAD (2023)
DESCRIPTION

MTY is among the foremost quick service companies in Canada. It operates 26 banners, of which 22 are fully owned and 4 are under exclusive license agreements. MTY Group's multi-bannered strategy has allowed it to become a leader in its class. MTY was incorporated in 1979 and is based in Saint-Laurent, Canada.

DEAL STATS #
Overall 47 of 48
Sector (Restaurants) 39 of 40
Type (Add-on Acquisition) 42 of 43
State (Minnesota) 1 of 1
Country (United States) 9 of 10
Year (2022) 1 of 2
Size (of disclosed) 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Küto Comptoir à Tartares

Delson, Quebec, Canada

Küto Comptoir à Tartares is an operator of a restaurant chain specializing in offering tatar in Delson. Küto Comptoir à Tartares is based in Delson, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Wetzel s Pretzels

Pasadena, California, United States

Wetzel's Pretzels is an owner and franchisor of soft pretzel stores. Wetzel's menu includes a variety of fresh-baked soft pretzels, Wetzel Dogs, Wetzel Bitz, and beverages. Today, Wetzel’s Pretzels has 305 locations in 28 states and six countries. Wetzel's stores are located in shopping malls, outlet centers, theme parks, select discount retail stores, train stations, and airports. Wetzel’s Pretzels was founded in 1994 and is headquartered in Pasadena, California.

Buy $207M
Mergr

Product

Company

Legal