M&A Deal Summary

MTY Acquires Houston Avenue Bar & Grill

On June 12, 2017, MTY acquired restaurant Houston Avenue Bar & Grill

Acquisition Highlights
  • This is MTY’s 27th transaction in the Restaurants sector.
  • This is MTY’s 28th transaction in Canada.
  • This is MTY’s 12th transaction in Ontario.

M&A Deal Summary
Date 2017-06-12
Target Houston Avenue Bar & Grill
Sector Restaurants
Buyer(s) MTY
Deal Type Add-on Acquisition

Target

Houston Avenue Bar & Grill

Toronto, Ontario, Canada
Houston Avenue Bar & Grill owns and operates as a chain of steakhouse restaurants that specializes in offering soups, salads, ribs and wines. Houston Avenue Bar & Grill was established in 2008 and is headquartered in Toronto, Ontario.

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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 32 of 48
Sector (Restaurants) 27 of 40
Type (Add-on Acquisition) 27 of 43
State (Ontario) 12 of 14
Country (Canada) 28 of 37
Year (2017) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-12 Industria Pizzeria + Bar

Montreal, Quebec, Canada

Industria Pizzeria + Bar is a chain of restaurant that specializes in pizza, crudo, pasta, soups and wines. Industria Pizzeria + Bar was established in 2008 and is headquartered in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 Dagwoods

Montreal, Quebec, Canada

Dagwoods offer a fresh alternative to fast food. Dagwoods bake bread fresh every day, slice top-quality cold cuts right before customers’ eyes, top on sandwiches with crispy fresh toppings, and of course, pour on our most delicious Dagwoods Special Sauce.

Buy $3M
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