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Woworks Acquires Barberitos Southwestern Grille And Cantina And Zoup! Eatery

May 12, 2022over 3 years ago

Acquiring Company

Woworks

Acquired Company

ZoupEatery

St. PetersburgFood and BeverageHospitalityFood And Beverage

Description

WOWorks, the holding company of better-for-you restaurant brands, Saladworks, Frutta Bowls, Garbanzo Mediterranean Fresh and The Simple Greek, is acquiring Barberitos Southwestern Grille and Cantina and Zoup! Eatery and fast-casual restaurant brands. These two brands share a common core DNA found across all WOWorks restaurant brands, where they not only satisfy appetites but also serve plant-forward, nutritious and flavorful food so guests can pursue their passions and live their best lives.

Company Information

Company

Woworks

Location

St. Petersburg, Florida, United States

About

WOWorks was formed in 2020 with a mission to help guests pursue their passions and live their best lives by serving healthy, nutritious and flavorful meals along with its Vow to “WOW!” guest hospitality. Fully owned by Centre Lane Partners, LLC, WOWorks’ portfolio consists of: Saladworks, the nation’s leading fast-casual salad brand; Frutta Bowls, a unique restaurant franchise serving a variety of superfood bowls, fresh fruit smoothies, protein bites and more; Garbanzo Mediterranean Fresh, a popular Mediterranean restaurant concept; and most recently, The Simple Greek, which offers a fresh and healthy take on traditional Greek recipes in a fast-casual setting. WOWorks seeks to drive explosive growth across all of its brands through a variety of channels, both traditional and non-traditional, including ghost kitchens, food trucks, grocery retail and more.

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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