Wednesday, October 22nd9.7°C
23711
23589

Private equity firm Searchlight Capital buys frozen food retailer M&M Meat Shops

TORONTO - Searchlight Capital Partners said Wednesday that together with its partners it has bought frozen food retailer M&M Meat Shops Ltd.

Financial terms of the deal were not immediately available.

Searchlight also announced the appointment of Andy O'Brien as chief executive and Sam Florio as chief financial officer of the retailer.

O'Brien was most recently the chief executive of the Works Gourmet Burger Bistro chain, while Florio was formerly the vice-president of finance and business planning at Cara Operations Ltd.

M&M was founded in 1980 by Mac Voisin, who will remain an adviser to the company.

"Canadians love and trust M&M Meat Shops because they can count on the quality and convenience of its products. I am confident that the new team will continue to ensure that the brand remains a Canadian favourite," Voisin said.

M&M, based in Kitchener, Ont., has roughly 400 shops across Canada.

The Canadian Press


Read more Business News

23015


Recent Trending




Today's Market
S&P TSX14312.07-235.64
S&P CDNX808.00-14.28
DJIA16461.32-153.49
Nasdaq4382.847-36.632
S&P 5001927.11-14.17
CDN Dollar0.8882-0.0013
Gold1243.10-2.40
Oil80.03-0.10
Lumber331.40+2.70
Natural Gas3.652-0.007

 
Okanagan Companies
Pacific Safety0.12+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.055-0.025
Anavex Life Sciences0.198+0.006
Metalex Ventures0.05+0.005
Russel Metals32.53-0.56
Copper Mountain Mining2.10-0.07
Colorado Resources0.145-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.405-0.055

 



22970

FEATURED Property
1919532692 Old Meadows Road, Kelowna
2 bedrooms 2 baths
$292,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_








Member of BC Press Council


22707