M&A Deal Summary

MTY Acquires Tortoise Group

On October 2, 2019, MTY acquired food company Tortoise Group

Acquisition Highlights
  • This is MTY’s 5th transaction in the Food sector.
  • This is MTY’s 8th transaction in the United States.
  • This is MTY’s 1st transaction in Nevada.

M&A Deal Summary
Date 2019-10-02
Target Tortoise Group
Sector Food
Buyer(s) MTY
Deal Type Add-on Acquisition

Target

Tortoise Group

Las Vegas, Nevada, United States
Tortoise Group owns and operates under Turtle Jack's Muskoka Grill, COOP Wicked Chicken, and Frat's Cucina brands. There are currently 19 franchised Turtle Jack's restaurants in operation. Tortoise Group is based in Las Vegas, Nevada.

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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 45 of 48
Sector (Food) 5 of 5
Type (Add-on Acquisition) 40 of 43
State (Nevada) 1 of 1
Country (United States) 8 of 10
Year (2019) 3 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Küto Comptoir à Tartares

Delson, Quebec, Canada

Küto Comptoir à Tartares is an operator of a restaurant chain specializing in offering tatar in Delson. Küto Comptoir à Tartares is based in Delson, Quebec.

Buy -
Mergr

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