Roark Capital, parent company of Jimmy John's, acquires Subway
Subway, the sandwich chain, has announced that it will be acquired by affiliates of Roark Capital, the parent company of Jimmy John's and other restaurant franchises. The transaction marks a significant milestone in Subway's transformation journey, combining its global presence and brand strength with Roark's expertise in the restaurant and franchise business models. Roark Capital manages $37 billion in assets and specializes in consumer and business service companies, particularly in the retail, restaurant, and franchise sectors. The sale price was not disclosed, and the completion of the acquisition is subject to regulatory approvals and customary closing conditions.