Ontario-Based Aegis Brands Acquires St. Louis Bar and Grill

Aegis Brands St. Louis Bar and Grill 1200x800 1
Aegis Brands has acquired the over 75-unit chain St. Louis Bar and Grill for $50 million. Courtesy of Canva.

Ontario-based Aegis Brands, the parent of Bridgehead Coffee, has acquired St. Louis Bar and Grill for $50 million, adding a second concept to its portfolio.

To support the acquisition and future growth, Aegis Brands raised $58.4 million through a combination of debt and equity, including $30 million from CWB Franchise Finance, which specializes in financing for regional and national restaurants and hotels. CWB says the funding will assist “Aegis’ goal to become a consolidator of Canadian food and beverage brands.”

Franchising for over 16 years, St. Louis Bar and Grill has over 75 locations throughout Canada. The brand’s menu includes wings, ribs, burgers and chicken sandwiches. Beer is also a big part of the menu, as the brand claims to come in second in overall draft beer sales in Canada.

Through the acquisition, Aegis says it will support St. Louis Bar and Grill as it executes its growth plans, which include launching a fast-casual version called Good to Go by St. Louis.

“We couldn’t be happier to welcome the St. Louis brand, their people and franchisees into the Aegis family. St. Louis has big plans for growth and the people to make it happen. I am looking very forward to leading this management team that has been responsible for the success of St. Louis to date,” says Steven Pelton, president and CEO of Aegis Brands, in a press release.

Aegis Brands acquired Bridgehead Coffee, which now has 20 units, in January 2020 for $9.5 million. At that time, it also owned Canadian specialty coffee retailer Second Cup Coffee Co., which it sold in April 2021 for $14 million.

RELATED CONTENT

National Restaurant Association poll 1200x800 1

Survey: 3 in 4 Consumers To Patronize Restaurants During Holiday Season  

A new National Restaurant Association poll finds that 77% of consumers plan to order takeout or go out to eat over the next few weeks.

Lincoln Riley TriMark United East Massachusetts Restaurant Association 1200x800 1

Massachusetts Restaurant Association Honors TriMark Employee

Lincoln Riley has been delivering TriMark supplies to customers in downtown Boston for nearly 20 years.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -

- Advertisement -