Deemed one of the most significant fast food acquisitions in history, Roark Capital – an Atlanta-based private equity firm – has acquired Subway. According to the Wall Street Journal, Subway listed itself for $10 billion, and Roark Capital offered $9.6 billion. The acquisition came shortly after Subway announced its 10th consecutive quarter of positive same-store sales.
With the global presence and brand recognition of Subway and Roark Capital’s specialization in franchise and franchise-like businesses, the new venture will focus on sales growth, menu innovation, modernization of restaurants, overall guest experience improvements and increased international expansion.
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– Madison Mullinax, 360 Media, Inc.