{"id":6246,"date":"2022-11-18T16:30:04","date_gmt":"2022-11-18T21:30:04","guid":{"rendered":"https:\/\/gpsmedici.ca\/2022\/11\/18\/le-globe-mail-interview-medici-au-sujet-du-retour-des-acquisitions-chez-mty\/"},"modified":"2023-01-31T14:47:00","modified_gmt":"2023-01-31T19:47:00","slug":"le-globe-mail-interview-medici-au-sujet-du-retour-des-acquisitions-chez-mty","status":"publish","type":"post","link":"https:\/\/gpsmedici.ca\/en\/2022\/11\/18\/le-globe-mail-interview-medici-au-sujet-du-retour-des-acquisitions-chez-mty\/","title":{"rendered":"Medici comments on MTY\u2019s renewed appetite for acquisitions in the Globe &#038; Mail"},"content":{"rendered":"\n<p style=\"font-weight: 400;\">Like most restaurant chains, MTY has suffered dramatically during the <a href=\"https:\/\/gpsmedici.ca\/2021\/10\/22\/le-groupe-dalimentation-mty-et-la-pandemie-en-trois-questions\/\">pandemic<\/a>. However, the franchisor is making a strong comeback thanks to its solid balance sheet management. It has just announced <span style=\"text-decoration: line-through;\">a<\/span> second major acquisition in a few weeks: Wetzel&#8217;s Pretzels, a franchisor and operator of food kiosks.<\/p>\n<p style=\"font-weight: 400;\">The <em>Globe and Mail\u2019s<\/em> columnist David Berman wonders if this acquisition will give MTY a new boost. He turned to Aaron Lanni, portfolio manager and partner at Medici, to discuss the latest transaction announced by the Montreal-based restaurant operator.<\/p>\n<p style=\"font-weight: 400;\">With the purchase of Wetzel&#8217;s Pretzels \u2014 a US $207 million transaction \u2014 MTY acquired a network of more than 350 locations in the United States, in Canada and in Panama.<\/p>\n<p style=\"font-weight: 400;\">In August, MTY Group made another major acquisition, <a href=\"https:\/\/gpsmedici.ca\/2022\/09\/02\/est-ce-le-bon-moment-dinvestir\/\">BBQ Holdings<\/a>, for US$200 million<\/p>\n<p style=\"font-weight: 400;\">\u201cIt is probably one of the best acquisitions that we\u2019ve seen them do in the past three to five years,&#8221; Aaron Lanni told <em>The Globe &amp; Mail<\/em>.<\/p>\n<p style=\"font-weight: 400;\">&#8220;Usually, MTY will buy something that\u2019s either mature, not really growing or slightly declining \u2013and they hope to deliver growth,&#8221; explains the portfolio manager.<\/p>\n<p style=\"font-weight: 400;\">&#8220;But this one is already growing, it\u2019s in high-traffic areas and they paid a reasonable price.&#8221;<\/p>\n<p style=\"font-weight: 400;\">Read the <a href=\"https:\/\/gpsmedici.ca\/wp-content\/uploads\/2022\/11\/MTY_GlobeMailpdf.pdf\"><em>Globe and Mail<\/em> article<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Like most restaurant chains, MTY has suffered dramatically during the pandemic. However, the franchisor is making a strong comeback thanks to its solid balance sheet management. It has just announced a second major acquisition in a few weeks: Wetzel&#8217;s Pretzels, a franchisor and operator of food kiosks. The Globe and Mail\u2019s columnist David Berman wonders [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":6240,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,296],"tags":[36,314,61,315],"class_list":["post-6246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-medici-dans-les-medias","category-medici-in-the-media","tag-bourse","tag-bourse-en","tag-mty","tag-mty-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Medici comments on MTY\u2019s renewed appetite for acquisitions in the Globe &amp; Mail - Medici<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gpsmedici.ca\/en\/2022\/11\/18\/le-globe-mail-interview-medici-au-sujet-du-retour-des-acquisitions-chez-mty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medici comments on MTY\u2019s renewed appetite for acquisitions in the Globe &amp; Mail - Medici\" \/>\n<meta property=\"og:description\" content=\"Like most restaurant chains, MTY has suffered dramatically during the pandemic. 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