M&A Deal Summary

Recipe Acquires The Pickle Barrel

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2017-10-16
Target The Pickle Barrel
Sector Restaurants
Buyer(s) Recipe
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Recipe

Vaughan, Ontario, Canada
Category Company
Founded 1883
Sector Restaurants
Employees17,500
Revenue 865M CAD (2020)
DESCRIPTION

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

DEAL STATS #
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
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 -
Mergr

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