Financing for SIR Corp.’s Shareholder Buy Out

SIR Corp. is a privately-owned company headquartered in Burlington, Ontario that is one of Canada’s top foodservice and hospitality companies. SIR Corp owns over 40 restaurants throughout Canada and the US under such names as Alice Fazooli’s, Jack Astor’s, Canyon Creek Chophouse, The Loose Moose, Reds, Far Niente, Soul of the Vine and Al Frisco’s.

Spara Capital Partners Inc. advised and assisted SIR Corp with the purchase of the minority interests in its various restaurant properties and negotiated and arranged the requisite financing. Spara Capital Partners’ role included negotiating the purchase of over 65 minority partnership interests, and structuring and arranging the appropriate debt capital with CIBC Commercial Banking. This important transaction provides the foundation for SIR Corp’s future growth objectives.