Woworks Acquires Barberitos Southwestern Grille And Cantina And Zoup! Eatery
May 12, 2022•over 3 years ago
Acquiring Company
Woworks
Acquired Company
ZoupEatery
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.
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