Add-on Acquisition • Restaurants

MTY Acquires South St. Burger

On December 11, 2018, MTY acquired restaurant South St. Burger

Acquisition Context

This is MTY’s 35th transaction in the Restaurants sector.
This is MTY’s 34th transaction in Canada.
This is MTY’s 14th transaction in Ontario.

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M&A Deal Summary
Date	December 11, 2018
Target	South St. Burger
Sector	Restaurants
Buyer(s)	MTY
Deal Type	Add-on Acquisition

Target Company

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.

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Buyer Overview 1

Buyer

MTY

St. Laurent, Quebec, Canada

Category	Company
Founded	1979
Sector	Restaurants
Employees	7,632
Revenue	1.2B CAD (2024)

DESCRIPTION

MTY is an operator of quick?service, fast?casual, and casual dining restaurants. MTY was incorporated in 1979 and is based in Saint-Laurent, Canada.

Deal Context for Buyer	#
Overall	42 of 48
Sector: Restaurants	35 of 40
Type: Add-on Acquisition	37 of 43
State: Ontario	14 of 14
Country: Canada	34 of 37
Year: 2018	7 of 7

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-10-31	Casa Grecque Laval, Quebec, Canada Casa Grecque is an own and operator of bring-your-own-wine restaurant. It currently has 31 franchised restaurants in operation, all of which are located in Quebec, Canada.	Buy	$20M

DATE

TARGET

DEAL TYPE

VALUE

2018-10-31

Casa Grecque

Laval, Quebec, Canada

Casa Grecque is an own and operator of bring-your-own-wine restaurant. It currently has 31 franchised restaurants in operation, all of which are located in Quebec, Canada.

Buy

$20M

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-04-11	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.	Buy	$190M

DATE

TARGET

DEAL TYPE

VALUE

2019-04-11

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.

Buy

$190M

Explore Related M&A Activity

Restaurants M&A - Add-on Acquisition M&A Deals - Ontario M&A - Canada M&A - 2018 M&A