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 M&A Advisory division generated multiple proposals from institutional 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 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.
Decisive Technologies is a value-added reseller of IT hardware, and BriteSky Technologies is a Canadian, managed cloud services provider (collectively “Decisive”). Decisive needed additional capital to accelerate its expansion plans. The shareholders were adamant that a new institutional partner should share their values and vision for the company, and FirePower was engaged to find an acquirer for a majority stake and negotiate a deal structure that met all of the shareholders’ objectives.
F12.net, a leading Canadian Managed Service Provider (MSP), was executing on a roll-up acquisition strategy. The FirePower team built a comprehensive target list and crafted a story emphasizing F12’s corporate culture, growth and financial strength. Of the potential targets, Apps on Tap represented an exciting synergistic addition for F12. With FirePower’s support, F12 acquired Apps on Tap in May 2018.