Transaction details

Consumer Markets - Food services

KPMG Corporate Finance acted as financial advisor to the shareholders of Pita Pit Limited (“Pita Pit” or the “Company”) on its sale to Foodtastic Inc (“Foodtastic”).

Founded and headquartered in Kingston, Ontario, Pita Pit has grown from a single location in 1995 to a leading franchisor of quick service restaurants (“QSR”) in Canada. The concept, focused on Lebanese-style pita sandwiches, has also seen expansion internationally through master franchise agreements in Europe, the Middle East and Asia-Pacific. The transaction comprised the Canadian and international (non-US) business of Pita Pit. Pita Pit operates 225 restaurants in Canada and an additional 135 internationally.

Montreal, Quebec based Foodtastic, is the franchisor of multiple restaurant concepts, including Second Cup, Au Coq, La Belle et La Boeuf, Monza, Carlos & Pepe's, Souvlaki Bar, Nickels, Rotisseries Benny, Chocolato, Big Rig, and Bacaro. Foodtastic is a leader in the restaurant franchising business and recognized Pita Pit’s position as one of the largest QSR brands in the country. With the recent acquisitions of Milestones and now Pita Pit, the system will have over 600 restaurants and $600 million in annualized sales.

KPMG deal team

KPMG Corporate Finance
acted as financial advisor to

Pita Pit

on its sale to


September 2021

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