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Elite Restaurant Group acquires Mod Super Fast Pizza Holdings

Jul 10, 2024•over 1 year ago

Acquiring Company

Elite Restaurant Group

Acquired Company

MOD Pizza

BellevueHospitalityFood and Beverage

Description

Elite Restaurant Group has acquired 100% of the equity in Mod Super Fast Pizza Holdings as part of the transaction. The purchase price was not disclosed. This acquisition is part of Mod's plan to rightsize its portfolio, refresh its brand, and improve the guest experience. The deal will help Mod avoid bankruptcy.

Company Information

Company

Elite Restaurant Group

About

Elite Concepts is one of Asia's leading groups defining Asian hospitality. Currently, we operate unique concepts in Hong Kong, Beijing, Shanghai and Taipei. With both a firm footing in the soil and a limitless capacity for innovation. Elite Concepts will continue to build, and the world will come.

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