Jimmy John’s Sells Majority Stake To Roark Capital
Jimmy John’s Sandwiches, one of the largest and fastest-growing fast-casual restaurant brands in the nation, announced today that an affiliate of Roark Capital Group, an Atlanta-based private equity firm that focuses on franchise and consumer brands, has signed a definitive agreement to acquire a majority interest in the company. Terms of the transaction were not disclosed.
Jimmy John’s, founded in 1983 by Jimmy John Liautaud, has more than 2,500 locations and $2 billion in system-wide sales. The company has provided high-growth opportunities for its rapidly expanding base of independent franchisees, having opened more than 200 locations in each of