2 Acquisitions of Companies in the Food Delivery Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Food Delivery industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 2 acquisitions that took place in the Food Delivery industry.

SOL Cuisine acquired by PlantPlus Foods

Details about the transaction:

Acquisition amount:

$99,592,071

Announcement:

12 November 2021

Details about the company:

SOL Cuisine is a service provider for vegetarian eateries in Toronto.

Headquarter:

Mississauga, Ontario, Canada

Where to find them:

Industry:

Food and Beverage, Food Delivery, Organic Food

Details about the buyer:

The newest line of plant-based foods is called PlantPlus Foods.

Headquarter:

Chicago, Illinois, United States

Where to find them:

St. Louis Bar and Grill acquired by Aegis Brands

Details about the transaction:

Acquisition amount:

$50,000,000

Announcement:

29 September 2022

Details about the company:

The online food and beverage retailer St. Louis Bar & Grill specializes on wings, ribs, and beer.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

E-Commerce, Food and Beverage, Food Delivery

Details about the buyer:

The goal of Aegis Brands is to create a portfolio of exceptional brands that can benefit from Aegis' resources and experience to develop and prosper.

Headquarter:

Markham, Ontario, Canada

Where to find them:

Non-dilutive acquisition financing

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