M&A Deal Summary

MTY Acquires Steak Frites St-Paul

On May 8, 2017, MTY acquired restaurant Steak Frites St-Paul

Acquisition Highlights
  • This is MTY’s 25th transaction in the Restaurants sector.
  • This is MTY’s 26th transaction in Canada.
  • This is MTY’s 12th transaction in Quebec.

M&A Deal Summary
Date 2017-05-08
Target Steak Frites St-Paul
Sector Restaurants
Buyer(s) MTY
Deal Type Add-on Acquisition

Target

Steak Frites St-Paul

Saint-Hubert, Quebec, Canada
Steak Frites St-Paul offers the perfect atmosphere and a menu for all tastes. Steak Frites St-Paul preserves tradition by offering the best quality beef, home-made steak sauce and traditional Belgian fries.

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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 30 of 48
Sector (Restaurants) 25 of 40
Type (Add-on Acquisition) 25 of 43
State (Quebec) 12 of 19
Country (Canada) 26 of 37
Year (2017) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 The Works Gourmet Burger Bistro

Oakville, Ontario, Canada

The Works Gourmet Burger Bistro is a chain of restaurants offering desserts, burgers, dipsticks, limp briskets and potato chips.The Works Gourmet Burger Bistro was established in 2001 and is headquartered in Oakville, Ontario.

Buy $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-12 Houston Avenue Bar & Grill

Toronto, Ontario, Canada

Houston Avenue Bar & Grill owns and operates as a chain of steakhouse restaurants that specializes in offering soups, salads, ribs and wines. Houston Avenue Bar & Grill was established in 2008 and is headquartered in Toronto, Ontario.

Buy -
Mergr

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