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Merger • Restaurants

Wendy s Acquires Tim Hortons

On August 8, 1995, Wendy s acquired restaurant Tim Hortons for 425M USD

Acquisition Context
  • This is Wendy s’ 1st transaction in the Restaurants sector.
  • This is Wendy s’ largest (disclosed) transaction.
  • This is Wendy s’ 1st transaction in Canada.
  • This is Wendy s’ 1st transaction in Ontario.
Investment Fate
  • Tim Hortons was sold to a strategic buyer in 2006.
  • Tim Hortons merged with another company in 2014.

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M&A Deal Summary
Date August 8, 1995
Target Tim Hortons
Sector Restaurants
Buyer(s) Wendy s
Deal Type Merger
Deal Value 425M USD

Target Company

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 Overview 1

Buyer

Wendy s

Dublin, Ohio, United States
Category Company
Founded 1969
Sector Restaurants
Employees4,833
Revenue 2.2B USD (2024)
DESCRIPTION
Entrance to Wendy's corporate headquarters in Dublin, Ohio.
Entrance to Wendy's corporate headquarters in Dublin, Ohio.

Wendy's is a major quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company restaurants in the U.S. and 29 other countries and U.S. territories worldwide. Wendy’s was founded in 1969 and is based in Dublin, Ohio.

Deal Context for Buyer #
Overall 1 of 2
Sector: Restaurants 1 of 2
Type: Merger 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 1995 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-31 Baja Fresh

Irvine, California, United States

Baja Fresh is a chain of fast-casual Tex Mex restaurants. Baja Fresh was formed in 1990 and is based in Irvine, California.

Buy $275M

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