Subway’s global business acquired by Roark Capital
The transaction combines the brand's international presence and strength with Roark's expertise in restaurant and franchise businesses.
Subway announced a definitive agreement to be acquired by affiliates of Roark Capital. The transaction is a major milestone in the brand’s multi-year transformation journey, combining its global presence and strength with the private equity firm’s expertise in restaurant and franchise business models.
The fast-food brand will continue to execute its strategy with a focus on sales growth, menu innovation, modernization of restaurants, overall guest experience improvements, and international expansion.
Roark’s portfolio of assets managed amounts up to $37 billion, focusing on investments in consumer and business service companies. The company also specializes in franchise and franchise-like businesses, and prides itself on being a trusted partner for management and business owners.
"This transaction reflects Subway's long-term growth potential, and the substantial value of our brand and our franchisees around the world. Subway has a bright future with Roark, and we are committed to continuing to focus on a win-win-win approach for our franchisees, our guests and our employees," commented John Chidsey, CEO of Subway.
The transaction comes on the heels of the brand achieving its 10th consecutive quarter of positive same store sales. As one of the world's largest quick service restaurant brands, Subway serves freshly made-to-order sandwiches, wraps, salads and bowls across more than 100 countries in nearly 37,000 restaurants every day.
