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Announced

Completed

Foodtastic completed the acquisition of Shoeless Joe's Sports Grill.

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

Majority

Single Bidder

Acquisition

Canada

Completed

Restaurants and Bars

Private

restaurant chain

Friendly

Synopsis

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Foodtastic, a franchisor of multiple restaurant concepts, completed the acquisition of Shoeless Joe's Sports Grill, a restaurant chain. Financial terms were not disclosed. "We are extremely happy to welcome Shoeless Joe's in our family. It is a great sports bar brand that will fit in perfectly in our restaurant portfolio. We are excited that Frank Lopreiato will stay on board as an equity partner and lead the brand, we are also looking forward to working with all our new franchisees and growing Shoeless Joe's in Canada," Peter Mammas, Foodtastic President and CEO.

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