M&A Deal Summary

MTY Acquires South St. Burger

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2018-12-11
Target South St. Burger
Sector Restaurants
Buyer(s) MTY
Deal Type Add-on Acquisition

Target

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(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 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
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
Mergr

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