BBQ Holdings operates over 200 franchised and over 100 corporate-owned restaurants. Other concepts in its portfolio include Village Inn, Barrio Queen and Granite City. MTY has 6,660 locations in operation, 99% of which are franchised, per a company release. MTY Brands established its presence in the U.S. with the acquisition of Kahala Brands in July 2016.
The deal remains subject to various closing conditions and regulatory approvals. This deal is expected to close by the fourth quarter of 2022, per a company release.