The multiconcept operator will have 5,700 units and system-wide sales of $2.9 billion once the deal is complete.
MTY Food Group will acquire Imvescor Restaurant Group Inc., a multiconcept operator of five restaurant chains. The deal is valued at approximately $248 million and is expected to close in the first half of 2018.
The combination of MTY and Imvescor will create a multiconcept restaurant company with a portfolio of more than 5,700 stores stemming from 75 brands and approximately $2.9 billion in system-wide sales, per a release announcing the deal.
Imvescor’s restaurant concepts include: Bâton Rouge, operating in Quebec, Ontario and Nova Scotia in the casual-dining segment; Pizza Delight, operating primarily in Atlantic Canada in the family/mid-scale segment; Scores and Toujours Mikes, operating primarily in Quebec in the family and casual-dining segments and the take-out and delivery segments, and Ben & Florentine, operating primarily in Quebec, with individual stores in Ontario and Manitoba, in the breakfast and lunch segment.