MONTREAL — MTY Food Group Inc. has completed its previously announced acquisition of the Grabbagreen franchise system. The total consideration for the transaction is approximately US$2.675 million.
At closing, U.S.-based Grabbagreen operates 26 franchised and one corporately-operated restaurant.
Jesse Schwarz, under the leadership of Jeff Smit, will lead the brand’s operations. MTY expects to consolidate the corporate operations and run the franchising platform from its U.S. headquarters in Scottsdale, Ariz.