M&A Deal Summary

MTY Acquires Imvescor Restaurant Group

On March 1, 2018, MTY acquired restaurant Imvescor Restaurant Group for 247M USD

Acquisition Highlights
  • This is MTY’s 34th transaction in the Restaurants sector.
  • This is MTY’s 2nd largest (disclosed) transaction.
  • This is MTY’s 32nd transaction in Canada.
  • This is MTY’s 16th transaction in Quebec.

M&A Deal Summary
Date 2018-03-01
Target Imvescor Restaurant Group
Sector Restaurants
Buyer(s) MTY
Deal Type Add-on Acquisition
Deal Value 247M USD

Target

Imvescor Restaurant Group

Montreal, Quebec, Canada
Imvescor Restaurant Group Inc. is an own and operator of restaurants in Eastern Canada under four banners: Pizza Delight® , operating primarily in Atlantic Canada, in the family/mid-scale segment, Toujours Mikes and Scores® , operating primarily in Québec in the family and casual dining segments and the take-out and delivery segments, and Bâton Rouge® , operating in Québec, Ontario and Nova Scotia in the casual dining segment. The Company also licenses to third parties the right to manufacture and sell prepared food products under the Pizza Delight® , Toujours Mikes, Scores® and Bâton Rouge® brands and, through its wholly-owned subsidiary, Groupe Commensal Inc., manufactures and sells vegetarian branded food products in grocery stores and retail outlets under the Commensal® brand.

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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 39 of 48
Sector (Restaurants) 34 of 40
Type (Add-on Acquisition) 34 of 43
State (Quebec) 16 of 19
Country (Canada) 32 of 37
Year (2018) 4 of 7
Size (of disclosed) 2 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-19 Grabbagreen

Scottsdale, Arizona, United States

Grabbagreen is a quick service restaurant where great tasting, healthy food meet the speed and convenience of traditional fast food. Grabbagreen’s Eat Clean menu is semi-organic, preservative-free, and GMO free. The menu is based around super food ingredients and offers a full selection of grain and green-based bowls with hormone and antibiotic-free chicken and beef provided by local farms that can also be made into wraps.

Buy $3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-04 SweetFrog Premium Frozen Yogurt

Scottsdale, Arizona, United States

SweetFrog Premium Frozen Yogurt is a producer of frozen yogurt flavors and fresh toppings choices. SweetFrog Premium Frozen Yogurt was founded in 2009 and is based in Scottsdale, Arizona.

Buy $35M
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