Subway Ends Family-Owned Run, , Sells to Private Equity Firm.<br />CNN reports that Subway has ended a six-month <br />search for a buyer and will be sold to<br />private equity firm Roark Capital.<br />CNN reports that Subway has ended a six-month <br />search for a buyer and will be sold to<br />private equity firm Roark Capital.<br />The news marks the end of the <br />sandwich chain’s almost 60-year <br />run as a family-owned business.<br />Subway released a statement, calling the deal a , “major milestone in Subway’s multi-year transformation <br />journey, combining Subway’s global presence and brand strength with Roark’s deep expertise in restaurant and franchise business models.”.<br />Roark holds investments in a number <br />of other major restaurant chains, including <br />Arby’s, Buffalo Wild Wings and Sonic.<br />Roark holds investments in a number <br />of other major restaurant chains, including <br />Arby’s, Buffalo Wild Wings and Sonic.<br />Roark holds investments in a number <br />of other major restaurant chains, including <br />Arby’s, Buffalo Wild Wings and Sonic.<br />This transaction reflects Subway’s <br />long-term growth potential, and the <br />substantial value of our brand and <br />our franchisees around the world, John Chidsey, Subway CEO, via CNN .<br />Subway has a bright future with <br />Roark, and we are committed to <br />continuing to focus on a win-win-win <br />approach for our franchisees, <br />our guests and our employees, John Chidsey, Subway CEO, via CNN .<br />While the terms of the deal were not officially <br />disclosed, 'The Wall Street Journal' reported <br />the purchase price to be "around $9.6 billion.".<br />While the terms of the deal were not officially <br />disclosed, 'The Wall Street Journal' reported <br />the purchase price to be "around $9.6 billion.".<br />CNN reports that the figure is slightly <br />below the $10 billion Subway had been asking <br />for since being put up for sale in February.<br />CNN reports that the figure is slightly <br />below the $10 billion Subway had been asking <br />for since being put up for sale in February.<br />CNN reports that Roark’s acquisition of Subway <br />is the second-largest in fast food history.<br />In 2020, Inspire Brands, which is also owned <br />by Roark, purchased Dunkin' for $11.3 billion.
