M&A Deal Summary

WOWorks Acquires Zoup!

On May 12, 2022, WOWorks acquired restaurant Zoup!

Acquisition Highlights
  • This is WOWorks’ 4th transaction in the Restaurants sector.
  • This is WOWorks’ 5th transaction in the United States.
  • This is WOWorks’ 1st transaction in Michigan.

M&A Deal Summary

Date 2022-05-12
Target Zoup!
Sector Restaurants
Buyer(s) WOWorks
Deal Type Add-on Acquisition

Target

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.

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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, the nation’s leading fast-casual salad brand; Frutta Bowls, a unique restaurant franchise serving a variety of superfood bowls, fresh fruit smoothies, oatmeal bowls, and more; Garbanzo Mediterranean Fresh, a popular Mediterranean restaurant concept; and most recently, The Simple Greek, which offers a fresh and healthy take on ancient Greek recipes in a fast-casual setting. WOWorks seeks to drive explosive growth across all of its brands through a variety of channels, both traditional and non-traditional, including ghost kitchens, food trucks, grocery retail, and more. WOWorks is based in West Conshohocken, Pennsylvania.


DEAL STATS #
Overall 5 of 5
Sector (Restaurants) 4 of 4
Type (Add-on Acquisition) 5 of 5
State (Michigan) 1 of 1
Country (United States) 5 of 5
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 Barberitos

Athens, Georgia, United States

Barberitos is a provider of handcrafts burritos, tacos, salads, quesadillas, nachos and more using locally sourced, farm-fresh ingredients. Barberitos was founded in 2000 and is based in Athens, Georgia.

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