January 19, 2022

M&M Food Market’s Sale to Parkland Corporation

Goodmans LLP acted for M&M Food Market, a subsidiary of funds managed by Searchlight Capital Partners, in connection with its sale to Parkland Corporation for C$322 million.

The acquisition includes more than 300 standalone franchise and corporate-owned stores and more than 2,000 M&M Food Market Express locations in Canada offering nearly 500 specialty frozen products. Parkland will bring scale and complementary leadership strength that will allow M&M Food Market to continue to grow in Canada while expanding into new international markets, including the United States.

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One client noted, "...they handled a very complicated transaction involving many jurisdictions and did a very good job. They are always able to make comparative decisions through a relatively simple way and try to balance risk and find solutions." — Chambers Canada
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