Equicapita acquires restaurant chain Smitty's Canada
An affiliate of Canadian private equity firm Equicapita has acquired Smitty's Canada, a Calgary-based family restaurant chain. No financial terms were released for the deal, which closed earlier this month. Founded in 1960 by Walter Chan, Smitty's has 85 franchise and corporate locations across Canada. Recently led by President Chris Chan, the company will in the future be managed by Steven Fee as president and Eric Metzler as CFO. Equicapita is focused on acquiring private Canadian businesses with enterprise values of $5 million to $50 million-plus. Smitty's is the Calgary firm's seventh portfolio investment.
18 April 2018•3 mins read
