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  6. WOWorks Acquires Simple Greek

M&A Deal Summary

WOWorks Acquires Simple Greek

On March 11, 2021, WOWorks acquired restaurant Simple Greek

Acquisition Highlights
  • This is WOWorks’ 2nd transaction in the Restaurants sector.
  • This is WOWorks’ 3rd transaction in the United States.
  • This is WOWorks’ 1st transaction in Ohio.

M&A Deal Summary
Date 2021-03-11
Target Simple Greek
Sector Restaurants
Buyer(s) WOWorks
Deal Type Add-on Acquisition

Target

Simple Greek

Youngstown, Ohio, United States
Simple Greek is a franchise of fast-casual Greek restaurants. The brand aims to redefine the traditional Greek restaurant with an interactive concept that combines high-quality ingredients, open kitchens, and a Greek atmosphere in a fast-casual setting. The menu of the 24-unit concept is based upon a fresh, contemporary, and healthy take on ancient Greek recipes. Simple Greek was founded in 2015 and is based in Youngstown, Ohio.

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Buyer(S) 1

Buyer

WOWorks

West Conshohocken, Pennsylvania, United States
Category Company
Sector Restaurants
DESCRIPTION

WOWorks was formed with a mission to help guests pursue their passions and live their best lives by serving healthy, nutritious, and flavorful fuel along with first-rate hospitality. WOWorks’ portfolio consists of: Saladworks, Frutta Bowls, Garbanzo Mediterranean Fresh, The Simple Greek. WOWorks is based in West Conshohocken, Pennsylvania.

DEAL STATS #
Overall 3 of 5
Sector: Restaurants M&A 2 of 4
Type: Add-on Acquisition M&A Deals 3 of 5
State: Ohio M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Garbanzo Mediterranean Grill

Centennial, Colorado, United States

Garbanzo Mediterranean Grill is a fast-casual mediterranean restaurant in America. Garbanzo is making fresh mediterranean cuisine a mainstream favorite across the United States. Every order is customized to the guest's liking, with choices from top-quality meats and plant-based proteins to authentic laffa wraps and perfect, pillowy pitas baked in-house throughout the day. Garbanzo Mediterranean Grill was founded in 2007 and is based in Centennial, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 Zoup!

Farmington Hills, Michigan, United States

Zoup! is a casual soup concept with locally owned and operated restaurants across the United States and Canada. Zoup! was founded in 1998 and is based in Farmington Hills, Michigan.

Buy -
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