Sandwich chain Subway will be sold to fast-food investor Roark Capital

Sandwich chain Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management. Terms of the deal weren’t disclosed.
Sandwich chain Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management. Terms of the deal weren’t disclosed. Earlier this week, The Wall Street Journal reported that Roark was offering around $9.6 billion for the privately owned chain. Subway CEO John Chidsey said the deal reflects Subway’s long-term growth potential and the value of the brand. Subway plans to continue to modernize restaurants and expand internationally under Roark’s ownership. Roark specializes in franchised businesses and is the major investor behind multiple restaurant chains, including Arby’s, Dunkin’ and Buffalo Wild Wings.

Why Roark makes the most logical buyer of Subway

Sandwich chain Subway will be sold to fast-food investor

Subway to sell itself to Roark Capital -August 24, 2023 at 11:26

End of family ownership looms for sandwich maker Subway after $9bn

Subway Could Pick Buyer By Early July, With Roark and Advent

Subway sandwich chain sold to Roark Capital in $9-billion deal

Subway Agrees to Sell Itself Following Sales Rebound, Marketing

Sandwich chain Subway will be sold to fast-food investor Roark Capital

Subway Sandwich Chain to be acquired by fast-food investor Roark

Subway Sale Might Not Happen Due to Possible Sandwich Monopoly

Subway Is Being Sold to Roark Capital, Moving Away From Family

Subway Is Being Sold to Roark Capital, Moving Away From Family

Subway Bought By Roark Capital for $9.55 Billion

Subway Sandwich Chain Nears $9.6B Sale to Roark Capital, Says WSJ

Subway has sold itself to a private equity firm, Business