M&A Deal Summary

MTY Acquires Mmmuffins

On February 15, 2018, MTY acquired restaurant Mmmuffins

Acquisition Highlights
  • This is MTY’s 32nd transaction in the Restaurants sector.
  • This is MTY’s 31st transaction in Canada.
  • This is MTY’s 15th transaction in Quebec.

M&A Deal Summary

Date 2018-02-15
Target Mmmuffins
Sector Restaurants
Buyer(s) MTY
Deal Type Add-on Acquisition

Target

Mmmuffins

Saint-Laurent, Quebec, Canada
Mmmuffins opened its doors at Toronto’s Eaton Centre in 1979 with one simple goal - to provide freshly baked muffins and fresh ground coffee to each customer. Today, mmmuffins operates 15 locations from coast to coast and has expanded its product line up to include cookies, croissants, danishes, soup, sandwiches and cupcakes.

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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 37 of 48
Sector (Restaurants) 32 of 40
Type (Add-on Acquisition) 32 of 43
State (Quebec) 15 of 19
Country (Canada) 31 of 37
Year (2018) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-15 Timothy’s World Coffee

Richmond Hill, Ontario, Canada

Timothy’s World Coffee, Inc. is a wholesale coffee distribution company serving Canada and the U.S. and encompassing three restaurant brands. Over the past three decades, coffee lovers across Canada have continued to watch Timothy’s World Coffee make no exceptions to the passion and commitment of providing the world’s finest coffees.

Buy -
FOLLOWING 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