Sale of Shoeless Joe's Ltd. to Foodtastic Inc.

Consumer Markets - Food services

KPMG Corporate Finance acted as financial advisor to the shareholders of Shoeless Joe’s Limited (“Shoeless Joe’s” or the “Company”) on its sale to Foodtastic Inc. (“Foodtastic”).

Originally founded in 1985 as a single location in Toronto, Ontario, Shoeless Joe’s has expanded to 22 sports-themed full-service restaurants, predominantly in Ontario. Under the leadership of the Lopreiato family, the chain has grown to be a large franchisor and recognized brand which prides itself on its innovative menu, fan experience and high-quality restaurants. Frank Lopreiato has remained on the board of directors and continues to lead the brand post-closing. The Lopreiato family will continue to be involved as part owners of the business.

Headquartered in Montreal, Quebec, Foodtastic’s current portfolio has 22 restaurant concepts including Pita Pit, Milestones, Second Cup, La Belle et La Boeuf, Monza, Copper Branch, Carlos & Pepe's, Souvlaki Bar, Big Rig. Foodtastic is a leader in the restaurant franchising business with over 900 restaurants and $830 million in annualized sales.