M&A Deal Summary

Papa John’s Acquires Minnesota Pizza Company

On March 28, 1999, Papa John’s acquired restaurant Minnesota Pizza Company for 5M USD

Acquisition Highlights
  • This is Papa John’s’ 2nd transaction in the Restaurants sector.
  • This is Papa John’s’ 4th largest (disclosed) transaction.
  • This is Papa John’s’ 2nd transaction in the United States.
  • This is Papa John’s’ 1st transaction in Minnesota.

M&A Deal Summary
Date 1999-03-28
Target Minnesota Pizza Company
Sector Restaurants
Buyer(s) Papa John’s
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

Minnesota Pizza Company

Minnesota, United States
Minnesota Pizza Company, LLC was a franchisee that operated 37 Papa John's restaurants in the Minneapolis/St. Paul, Minnesota market.

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Buyer(S) 1

Buyer

Papa John’s

Louisville, Kentucky, United States
Category Company
Founded 1984
Sector Franchising
Employees13,200
Revenue 2.1B USD (2023)
DESCRIPTION
Papa Johns' office in Atlanta, Georgia.
Papa Johns' office in Atlanta, Georgia.

Papa John’s is a pizza franchisor and delivery company. Papa John’s was founded in 1984 and is based in Louisville, Kentucky.

DEAL STATS #
Overall 2 of 5
Sector (Restaurants) 2 of 5
Type (Add-on Acquisition) 2 of 4
State (Minnesota) 1 of 1
Country (United States) 2 of 3
Year (1999) 2 of 4
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 PJNJ Foods

New Jersey, United States

PJNJ Foods, Inc. was a franchisee of 19 Papa John's restaurants in New Jersey.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-23 Great American Pizza inc.

Cleveland, Ohio, United States

Great American Pizza, Inc. was a franchisee which operated 18 Papa John's restaurants in the Cleveland, Ohio market.

Buy $7M
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