George Melville sells 50% ownership interest in Boston Pizza International to Jim Treliving
September 30, 2017
On September 30, 2017, George Melville, 50% owner of Boston Pizza International Inc. ("BPI") and co-chairman, completed the sale of his 50% interest to Jim Treliving, owner of the other 50% of BPI. Mr. Melville acquired, as part of the same transaction, interests in Mr. Lube Canada Limited Partnership, Mr. Lube Canada GP Inc., Graybar Investments GP Inc., Graybar Investments Limited Partnership and TTM Holdings Ltd, as well as trust units in the Boston Pizza Royalties Income Fund to become the largest individual owner of the fund.
Boston Pizza International is Canada's largest franchisor of casual dining restaurants with annual gross sales in excess of $1.0 billion serving more than 45 million guests through over 380 mainly franchisee operated restaurants. The Boston Pizza brand has successfully existed for over 50 years since opening its first restaurant in Edmonton, Alberta in 1964. Mr. Melville and Mr. Treliving opened their first BPI franchise in 1974, and bought out the entire chain in 1983.
McCarthy Tétrault LLP advised Mr. Melville and his affiliated companies with a team led by Cameron Belsher that included Pavan Jawanda, Maureen Gillis and Vernon Miranda (Business), TJ Kang (Tax), and Jack Ruttle (Litigation).