Cara Operations Ltd. is purchasing the Pickle Barrel Group of Restaurants and the transaction is expected to close by the end of this year.
Pickle Barrel generates approximately $50 million a year in sales through its 11 Pickle Barrel restaurants and one Glow Fresh Grill & Wine Bar. It also has a catering business through Pickle Barrel catering and through a 50 per cent interest in Rose Reisman Catering, a menu development, catering and individual meal delivery business that is focused on health and wellness.
Peter Higley, president of Pickle Barrel, says Cara's "behind the scenes support will allow us to focus on strengthening our already successful restaurant and catering businesses, scaling them even faster in the years ahead". Higley will join Cara's Executive Leadership Team and will continue to lead and operate the Pickle Barrel Group within Cara.
Bill Gregerson, Cara CEO, says the investment is "an opportunity to partner with a proven management team who has a strong track record of operating profitable restaurants and catering businesses."