Toronto, Ont. – Searchlight Capital Partners L.P., a private equity firm with offices throughout North America and Europe, has acquired Kitchener, Ont.-based M&M Meat Shops Ltd.
M&M Meat Shops is the largest independent retailer of specialty frozen food in Canada, with approximately 400 stores throughout Canada. The brand also has more than three million active subscribers to its loyalty program.
The company was founded in 1980 by Mac Voisin, who will remain with the business as an advisor. Andy O’Brien, formerly CEO of The WORKS Gourmet Burger Bistro, has been named CEO of M&M. Sam Florio, previously vice-president of Finance and Business Planning at Cara Operations Ltd., joins as CFO.
With the acquisition, Searchlight hopes to guide the brand into an era of renewed growth. “M&M Meat Shops is an iconic Canadian brand with a strong and established network of dedicated and successful franchise partners,” said Erol Uzumeri, a founding partner of Searchlight, in making the announcement. “With the right investments, we look forward to realizing the growth potential of the company.”