Roark Capital Acquires Subway in 9 Billion Dollar Deal: Roark Capital Group will acquire Subway for about $9 billion. The purchase was announced recently and will change who controls the sandwich chain. Subway CEO John Chidsey said this adjustment illustrates how precious the brand is and how much franchisees care about it. Subway is safe with Roark. The CEO stated, “We’re committed to our win-win-win strategy, which helps our franchisees, guests, and employees.”
Subway is the eighth-largest US restaurant chain, founded over 60 years ago. It sold $9.8 billion in the US annually, with over 20,810 outlets. This purchase by Roark Capital ends Subway’s family ownership.
Private equity behemoth Roark Capital Group is based in Atlanta. Their website says they manage $37 billion. The corporation has long invested in restaurants, health centers, and business service franchises.
Roark Capital has a great selection. Roark owns Inspire Brands and Focus Brands, including Arby’s, Auntie Anne’s Pretzels, Baskin Robbins, Buffalo Wild Wings, Cinnabon, Dunkin’, Jimmy John’s, and Sonic
Read More: Roark Capital Subway Takeover: Navigating the $9 Billion Sandwich Chain Acquisition
In December 2020, Inspire Brands bought Dunkin’ Brands for $11.3 billion, demonstrating Roark’s ambitious food company growth. Another success is Jimmy John’s, which competes with Subway in the sandwich sector with over 2,800 outlets.
Roark affects more than sandwiches and cookies. Their ownership of most CKE Restaurants links them to Carl’s Jr. and Hardee’s since 2013. The food industry is not their only focus. The website says they invested in non-food enterprises like Two Men and a Truck, International Car Wash Group, and Basecamp Fitness.
Company data shows Roark’s companies generate “approximately $77 billion in annual system revenues.” The book-derived name “Roark Capital Group” seems intriguing. The primary character in Ayn Rand’s 1943 novel “The Fountainhead.” The company’s operations support the book’s independence and honesty.
Subway has been thinking about adjusting since this news broke. Subway has started bringing back sandwich slicers to revitalize its brand. This is a return to tradition while accepting new ideas.
This transaction changed Subway’s history. The foot-long sandwich company had been hunting for purchasers for nearly six months before finding Roark Capital Group. The brand is poised to sail under a new flag, but both sides are optimistic. With Roark’s extensive project list and Subway’s global reputation, everyone’s future seems bright.
Our Reader’s Queries
Did Roark Capital buy sandwich chain Subway for up to $9.55 billion?
Roark Capital, a private equity firm, has recently announced its acquisition of Subway. According to insiders, the deal values the popular sandwich chain at a staggering $9.55 billion, including debt. However, this valuation is subject to certain financial performance targets. This move is expected to bring about significant changes in the fast-food industry, and we can’t wait to see what the future holds for Subway under Roark Capital’s leadership.
How much did Roark Capital pay for Subway?
Subway, a family-owned business with a portfolio of sandwich shops, has been acquired by private equity firm Roark Capital. The Wall Street Journal reports that Roark Capital offered $9.6 billion for the company, which had listed itself for $10 billion. With nearly 60 years of experience, Subway is a well-established brand in the fast food industry. The acquisition by Roark Capital is expected to bring new opportunities for growth and expansion.
Did Subway get sold to Rourke?
Subway, the popular sandwich chain, has recently announced that it is being sold to private equity firm Roark Capital. This marks the end of a six-month long search for a buyer and brings to a close the company’s nearly six-decade run as a family-owned business. With this move, Subway is set to embark on a new chapter in its history, under the ownership of a private equity firm.
Did Subway sandwich chain sell itself to Dunkin owner Roark Capital?
Subway, the well-known sandwich chain, has been acquired by private equity firm Roark Capital for a whopping $9.55 billion. The acquisition marks the end of a lengthy auction process that saw multiple bids from various contenders. However, the deal comes with certain conditions that delay payment for a portion of the consideration.