M&A Deal Summary

MTY Acquires Papa Murphy’s

On April 11, 2019, MTY acquired restaurant Papa Murphy’s for 190M USD

Acquisition Highlights
  • This is MTY’s 36th transaction in the Restaurants sector.
  • This is MTY’s 5th largest (disclosed) transaction.
  • This is MTY’s 35th transaction in Canada.
  • This is MTY’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2019-04-11
Target Papa Murphy’s
Sector Restaurants
Buyer(s) MTY
Deal Type Add-on Acquisition
Deal Value 190M USD
Advisor(s) North Point Advisors LLC (Financial)
Perkins Coie (Legal)

Target

Papa Murphy’s

Vancouver, British Columbia, Canada
Papa Murphy’s is a franchisor and operator of the largest Take ‘n’ Bake pizza brand in the United States, selling hand-crafted, fresh pizzas for customers to bake at home. Papa Murphy’s operates over 1,400 franchised and corporate-owned stores in 37 U.S. states, Canada, and the United Arab Emirates. Papa Murphy’s core purpose is to help anyone with an oven and 15 minutes serve a scratch-made meal. In addition to fresh pizzas, the Company offers hand-crafted salads, sides, and desserts to complete the meal. Order online today at www.papamurphys.com for easy pick up everywhere, and find Papa Murphy’s on your favorite delivery apps in select markets.

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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 43 of 48
Sector (Restaurants) 36 of 40
Type (Add-on Acquisition) 38 of 43
State (British Columbia) 1 of 1
Country (Canada) 35 of 37
Year (2019) 1 of 3
Size (of disclosed) 5 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 South St. Burger

Toronto, Ontario, Canada

South St. Burger is a chain of gourmet burger restaurants. South St. Burger network currently has 26 franchised and 14 corporate restaurants in operation, most of which are located in Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Allô! Mon Coco

Lasalle, Quebec, Canada

Allô! Mon Coco is a rapidly growing chain of gourmet breakfast and lunch restaurants. Allô! Mon Coco network currently has 39 franchised restaurants in operations, 38 of which are located in the province of Quebec and 1 in the Province of Ontario.

Buy -
Mergr

Product

Company

Legal