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Craveworthy Brands acquires Fresh Brothers Pizza to launch nationwide expansion

Nov 18, 2024•about 1 year ago

Acquiring Company

Craveworthy Brands

Acquired Company

Fresh Brothers Pizza

South ElginCaliforniaFood and BeverageHospitality

Description

Craveworthy Brands, the multi-brand restaurant company and franchisor, has announced the acquisition of Fresh Brothers Pizza, a California-based pizza brand with over 20 existing locations throughout the state of California. This acquisition is part of Craveworthy's strategic plan to guide Fresh Brothers' journey from its Southern California foundation to nationwide expansion.

Company Information

Company

Craveworthy Brands

Location

755 SCHNEIDER DRIVE

South Elgin, Illinois, United States

About

Craveworthy Brands is a major player in the food and beverage industry, known for its diverse portfolio of popular restaurant brands. The company focuses on delivering exceptional dining experiences, innovative menu offerings, and exceptional customer service.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed