Jimmy John’s One of 3 Brands Sold This Week

September 9, 2016

Wetzel’s Pretzels
Image Caption: 
Wetzel’s Pretzels was acquired by private equity group CenterOak Partners.
Jimmy John’s, Cicis, and Wetzel’s Pretzels acquired by new firms.
Exclusive Brief: 

Roark Capital acquired a majority stake in sandwich concept Jimmy John’s, adding to the firm’s list of investments that includes Auntie Anne’s, Cinnabon, and Schlotzsky’s.

Terms of the transaction were not disclosed, and there will not be any changes in management, according to a Jimmy John’s statement.

Restaurant founder Jimmy John Liautaud, who will remain the company’s chairman and the single largest individual shareholder, says in the statement that he spent two years “getting to know the Roark team.”