Acquiring Company
Restaurant Brands
Acquired Company
Carrols Restaurant Group
Toronto
SyracuseFood and BeverageRestaurantsDescription
Restaurant Brands International Inc. (RBI) has reached an agreement to acquire all of Carrols Restaurant Group Inc.'s issued and outstanding shares for approximately $1.0 billion. As the largest Burger King franchisee in the United States, Carrols operates over 1,000 Burger King restaurants and 60 Popeyes restaurants. This acquisition will accelerate Burger King's path to modernizing its image and is part of RBI's strategy to drive sales growth and support franchisee profitability.
M&A Insights
Based on deal dataIntegration 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