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Announced

Completed

Foodtastic completed the acquisition of Pita Pit Restaurants.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

Restaurants and Bars

Single Bidder

Acquisition

Canada

Majority

Completed

Private

chain of restaurants

Synopsis

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Foodtastic, an operator of a chain of restaurants, completed the acquisition of Pita Pit Restaurants, an operator of a chain of restaurants. Financial terms were not disclosed. "Pita Pit is one of the largest QSR brands in the country, and we are happy to welcome it into the Foodtastic Family. We look forward to working with all our new franchisees and growing the brand both in Canada and Internationally," Peter Mammas, Foodtastic President and CEO.

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