Add-on Acquisition • Restaurants

Recipe Acquires The Pickle Barrel

On October 16, 2017, Recipe acquired restaurant The Pickle Barrel

Acquisition Context

This is Recipe’s 6th transaction in the Restaurants sector.
This is Recipe’s 6th transaction in Canada.
This is Recipe’s 4th transaction in Ontario.

Explore All 402 Add-on Acquisition Restaurants Deals - Search the Database Free

M&A Deal Summary
Date	October 16, 2017
Target	The Pickle Barrel
Sector	Restaurants
Buyer(s)	Recipe
Deal Type	Add-on Acquisition

Target Company

The Pickle Barrel

Markham, Ontario, Canada

Pickle Barrel was founded in 1971 and today it has 12 corporately-owned restaurants in highly sought after locations along with a thriving catering business, all across the Greater Toronto Area. Pickle Barrel generates approximately $50 million a year in sales through its 11 Pickle Barrel restaurants and 1 Glow Fresh Grill & Wine Bar. It also has a significant catering business through Pickle Barrel catering as well as through a 50% interest in Rose Reisman Catering. Rose Reisman Catering is a menu development, catering and individual meal delivery business that is focused on health and wellness – it has been a popular and growing alternative in the Greater Toronto Area for over 20 years.

Explore More Deals

Browse All 215,158 Deals

FILTER BY

Buyer Type (PE or Strategic)
Deal Size ($10M to $10B+)
Sector (60 Sectors)
Deal Type
Geography
& More

Search Free

Buyer Overview 1

Buyer

Recipe

Vaughan, Ontario, Canada

Category	Company
Founded	1883
Sector	Restaurants
Employees	17,500
Revenue	865M CAD (2020)

DESCRIPTION

Recipe is a provider of full service restaurants. Recipe was founded in 1883 and is based in Vaughan, Vaughan.

Deal Context for Buyer	#
Overall	6 of 8
Sector: Restaurants	6 of 8
Type: Add-on Acquisition	5 of 5
State: Ontario	4 of 6
Country: Canada	6 of 8
Year: 2017	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-11-28	Original Joe s Franchise Group Calgary, Alberta, Canada Original Joe's Franchise Group, Inc. owns and operates a chain of restaurants in Western Canada. Its restaurants provide meat products. The company was founded in 2000 and is headquartered in Calgary, Canada.	Buy	$93M

DATE

TARGET

DEAL TYPE

VALUE

2016-11-28

Original Joe s Franchise Group

Calgary, Alberta, Canada

Original Joe's Franchise Group, Inc. owns and operates a chain of restaurants in Western Canada. Its restaurants provide meat products. The company was founded in 2000 and is headquartered in Calgary, Canada.

Buy

$93M

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-05-06	Fresh Restaurants Toronto, Ontario, Canada Fresh Restaurants is the original source for modern plant-based food. Fresh Restaurants offers a full line of raw, organic cold-pressed juices, and craft cocktails made with local artisanal ingredients. Fresh Restaurants was founded in 1999 and is based in Toronto, Ontario.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2021-05-06

Fresh Restaurants

Toronto, Ontario, Canada

Fresh Restaurants is the original source for modern plant-based food. Fresh Restaurants offers a full line of raw, organic cold-pressed juices, and craft cocktails made with local artisanal ingredients. Fresh Restaurants was founded in 1999 and is based in Toronto, Ontario.

Buy

Explore Related M&A Activity

Restaurants M&A - Add-on Acquisition M&A Deals - Ontario M&A - Canada M&A - 2017 M&A