M&A Deal Summary

Restaurant Brands International and Berkshire Hathaway Acquire Tim Hortons

On August 26, 2014, Restaurant Brands International and Berkshire Hathaway acquired restaurant Tim Hortons

Acquisition Highlights
  • This is Restaurant Brands International’s 2nd and Berkshire Hathaway’s 1st transaction in the Restaurants sector.
  • This is Restaurant Brands International’s 1st and Berkshire Hathaway’s 1st transaction in Canada.
  • This is Restaurant Brands International’s 1st and Berkshire Hathaway’s 1st transaction in Ontario.

M&A Deal Summary
Date 2014-08-26
Target Tim Hortons
Sector Restaurants
Buyer(s) Restaurant Brands International
Berkshire Hathaway
Deal Type Merger

Target

Tim Hortons

Oakville, Ontario, Canada
Tim Hortons is a North American restaurant chain. Operating in the quick service segment of the restaurant industry, Tim Hortons offers a menu that includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. Tim Hortons was formed in 1964 and is based in Oakville, Ontario.

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Buyer(S) 2

Buyer

Restaurant Brands International

Toronto, Ontario, Canada
Category Company
Founded 1954
Sector Restaurants
Employees5,200
Revenue 7.0B USD (2023)
DESCRIPTION

Restaurant Brands International (RBI) 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 originally established in 1954 and is based in Toronto, Ontario.

DEAL STATS #
Overall 2 of 4
Sector (Restaurants) 2 of 4
Type (Merger) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-26 Burger King

Miami, Florida, United States

Burger King is a global chain of hamburger fast food restaurants. Burger King operates in-house restaurants as well as serves as a franchisor to thousands of independent locations around the world. Burger King was established in 1954 and is headquartered in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 Popeyes Louisiana Kitchen

Atlanta, Georgia, United States

Popeyes Louisiana Kitchen, Inc. is a developer, operator and franchiser of quick-service restaurants ("QSRs" or "restaurants") under the trade name, Popeyes Louisiana Kitchen and Popeyes Chicken & Biscuits.

Buy $1.8B
Buyer

Berkshire Hathaway

Omaha, Nebraska, United States
Category Company
Founded 1998
Sector Diversified
Employees396,500
Revenue 439.3B USD (2023)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Berkshire Hathaway was founded in 1998 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 60 of 69
Sector (Restaurants) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 WPLG-TV10

Pembroke Park, Florida, United States

WPLG-TV10 operates a television channel in Florida.

Buy $328M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-02 Van Tuyl Group

Irving, Texas, United States

Van Tuyl Group, Inc. provides management consulting services to automotive dealerships in the United States. With offices in Arizona, Kansas, and Texas, the management consulting group works with approximately 70 independently operated dealerships nationwide.

Buy -
Mergr

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