The Latest News

FE&S delivers relevant news of the day to the foodservice equipment and supplies marketplace.

Advertisement

The Latest News

Jimmy John’s Sells Majority Interest

Roark Capital Group bolsters its restaurant portfolio with the fast-casual sandwich concept.  

Atlanta-based private equity firm Roark Capital Group acquired a majority interested in Jimmy John’s Sandwiches. No management changes are planned and terms of the deal were not disclosed.

Previous partners Weston Presido, a San Franciso-based private equity firm, sold its minority stake as part of the agreement.

Jimmy John’s Sandwiches, based in Champaign, Ill., operates more than 2,500 fast-casual sandwich shops in the U.S. that generate more than $2 billion in annual revenues, per a release announcing the deal. The Chicago Tribune speculates the new investment with Roark sets the company up for international expansion.

Advertisement