MONTREAL — A wholly owned subsidiary of MTY Food Group Inc. has signed an agreement to acquire all of the limited-liability company interests in CB Franchise Systems (The Counter), Built Franchise Systems and certain affiliates.
“Since the acquisition of Kahala Brands in July 2016, MTY has been seeking potential additions to its strong portfolio of brands,” says Stanley Ma, chairman of the board and CEO of MTY. “The Counter and Built fit that perfectly, offering trendy hamburgers and other craveable foods to uncompromising customers, focusing on superior quality and spot-on execution, creating memorable experiences for its guests.”
The Counter and Built networks currently combine for 41 franchised locations and three corporate-owned locations. Of those 44 restaurants, 34 are located in the U.S., one is located in Canada and nine are located overseas.
Following the closing of the transaction, the head office of The Counter and Built will be moved from its current location in Culver City, Calif. to MTY’s office in Scottsdale, Ariz.