The Power List 2017: Stanley Ma
MTY Food Group Inc., a Canadian restaurant operator founded by Stanley Ma, has long sought a foothold in the U.S.
The Montreal-based company got its wish last year with the largest acquisition in its history: the $300 million purchase of U.S. operator Kahala Corp.
“MTY had been searching for the right foundation for its U.S. expansion for the last three years, and it has finally found the perfect match,” Ma said when the Kahala deal was announced.
But MTY wasn’t done yet. Just a few months later, it acquired the Baja Fresh and La Salsa brands for $27 million.