M&A Deal Summary

Restaurant Brands International Acquires Carrols

On May 16, 2024, Restaurant Brands International acquired restaurant Carrols for 1.0B USD

Acquisition Highlights
  • This is Restaurant Brands International’s 5th transaction in the Restaurants sector.
  • This is Restaurant Brands International’s 3rd largest (disclosed) transaction.
  • This is Restaurant Brands International’s 4th transaction in the United States.
  • This is Restaurant Brands International’s 1st transaction in New York.

M&A Deal Summary

Date 2024-05-16
Target Carrols
Sector Restaurants
Buyer(s) Restaurant Brands International
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Carrols

Syracuse, New York, United States
Carrols owns and operates more than 650 restaurants under the Burger King brand. Carrols was incorporated in 1960 and is based in Syracuse, New York.

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Buyer(S) 1

Buyer

Restaurant Brands International

Toronto, Ontario, Canada

Category Company
Founded 1954
Sector Restaurants
Employees37,600
Revenue 8.4B USD (2024)
DESCRIPTION

Restaurant Brands International is a fast-food holding company that owns and operates quick-service restaurant brands, including Burger King, Tim Hortons, Popeyes, and Firehouse Subs. The Company leverages its extensive global reach, marketing strategies, and operations to drive growth and profitability for its brands. Restaurant Brands International was established in 1954 and is based in Toronto, Ontario.


DEAL STATS #
Overall 5 of 5
Sector: Restaurants M&A 5 of 5
Type: Add-on Acquisition M&A Deals 3 of 3
State: New York M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2024 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Firehouse Subs

Jacksonville, Florida, United States

Firehouse Subs is a restaurant chain with a passion for hearty and flavorful food, heartfelt service, and public safety. Firehouse Subs was founded in 1994 and is based in Jacksonville, Florida.

Buy $1.0B