Cara Operations Limited has acquired majority ownership in Original Joe’s Franchise Group Inc. for $93 million.
Based in Calgary, Alberta, Canada, Original Joe’s operates 100 restaurants. The brand breakdown includes 66 Original Joe’s, 24 State & Main locations (1 in the U.S) and 10 Elephant & Castle sites (6 in the U.S.).
One of Canada’s largest full-service restaurant companies, this acquisition ups Cara’s restaurant total to 1,227.
Earlier this year Cara completed another large acquisition when it acquired Group St.-Hubert, a rotisserie chicken full-service restaurant operator and food manufacturer in Quebec, for $537 million. That deal was final in September, 2016.