Restaurant M&A is expected to surge with the end of pandemic lockdowns, according to a recent report from S&P Global Market Intelligence.

"A year and a half's worth of investment is going to get pushed through in a six- to nine-month period, starting now," Ashleigh Evans, director of operations analytics at research firm Aaron Allen & Associates LLC told S&P.

Also to back up its prediction, S&P cited April figures from Global Industry Analysts Inc. the global restaurant and mobile food service markets stand to grow to $2.6 trillion by 2027 from $2.1 trillion in 2020 at a compound annual growth rate of 3%.

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