Pita Pit Canada
Arranging financing to support acquisition and growth.
Pita Pit Canada ("PPC") is the franchisor to 228 Pita Pit locations across Canada. Pita Pit restaurants sell Mediterranean-style pita sandwiches, and offer a healthy alternative to traditional high fat, high-calorie fast foods. FirePower was engaged to arrange financing for PPC's acquisition of a majority interest in Pita Pit International ("PPI"), with a lender that would accommodate PPC's future expansion plans.
FirePower's Investment Banking division generated multiple proposals from lenders, then negotiated and structured favourable terms and pricing for PPC. With respect to the PPI acquisition, FirePower guided PPC to craft and negotiate a compelling offer that was attractive to both the seller and the lender.
FirePower negotiated the debt facility as part of a strengthened banking relationship for PPC, successfully positioning the company to move forward with the PPI acquisition and to execute on its future expansion plans.
Mass Spectrometry – Confidential
FirePower generated advised on the sale of an analytical chemistry instrumentation maker, with a strong commercially validated IP portfolio, to one of the most respected names in the sector.
F12.net (“F12”), a leading Canadian Managed Service Provider (MSP), was executing on a highly successful acquisition strategy, and FirePower was engaged as the company looked towards the GTA area for expansion. The FirePower team built a comprehensive target list and crafted a story emphasizing F12’s amazing corporate culture. Of the potential targets, Apps on Tap represented an exciting synergistic addition for F12, and with FirePower’s support, F12 acquired Apps on Tap in May, 2018.