M&A Deal Summary

MTY Acquires The Works Gourmet Burger Bistro

On May 8, 2017, MTY acquired restaurant The Works Gourmet Burger Bistro for 8M USD

Acquisition Highlights
  • This is MTY’s 25th transaction in the Restaurants sector.
  • This is MTY’s 14th largest (disclosed) transaction.
  • This is MTY’s 26th transaction in Canada.
  • This is MTY’s 11th transaction in Ontario.

M&A Deal Summary
Date 2017-05-08
Target The Works Gourmet Burger Bistro
Sector Restaurants
Buyer(s) MTY
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

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.

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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 (Ontario) 11 of 14
Country (Canada) 26 of 37
Year (2017) 3 of 8
Size (of disclosed) 14 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 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.

Buy -
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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