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Canada’s Cara Operations Acquires Original Joe’s Restaurants

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.