Locally owned and operated fast-food restaurant, Mother’s Enterprises Limited (Mother’s) Limited has been fully acquired by locally-owned financial holding company Roots Financial Group Limited.

Roots said on Tuesday, this acquisition is part of its strategic vision to create a Caribbean network of integrated businesses with a global focus.

The company says a special purpose ‘vehicle’, MEL 2022 Limited (MEL 2022), has been created by Roots to hold the shares in the food services organisation.

Mother’s represents the 10th company in the Roots family.

The incoming Chairman Clement “Jimmy” Lawrence stated, “Mother’s innovative approach to meal offerings and unwavering commitment to quality aligns perfectly with our own values.”

In a release, the transaction was arranged and structured by the financial company, with legal services provided by Patterson Mair Hamilton, the seller’s attorney and Carter Lindo, the purchaser’s attorney.

Reports are that the transaction support was provided by PriceWaterhouseCoopers and Sygnus Capital.