Jersey Mike's sandwich chain is acquired by private equity firm ...

Nov 19, 2024 · NEW YORK (AP) — Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by asset management giant Blackstone. In the transaction announced …

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Jersey Mike’s Sold To Private Equity Firm Blackstone For $8B

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Nov 19, 2024 · NEW YORK — Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone. The transaction is “intended to help enable …

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Jersey Mike’s Sold To Private Equity Firm Blackstone For $8B

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Nov 19, 2024 · STATEN ISLAND, N.Y. — Jersey Mike’s, the popular sandwich chain that is headquartered in Manasquan, New Jersey, is being acquired by the private equity firm …

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Jersey Mike's Sandwich Chain Is Acquired By Private Equity Firm ...

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Nov 19, 2024 · Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone in a deal valued at $8 billion. The transaction is “intended to help …

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Blackstone Strikes $8-billion Deal For Sandwich Chain Jersey Mike's ...

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Nov 19, 2024 · Deal marks Blackstone's latest investment in food franchises Jersey Mike's CEO to continue leading business Deal valued at around $8 billion including debt, source says …

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Jersey Mike’s Subs Success Story-how Peter Cancro Became A …

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3 days ago · When Peter Cancro bought Mike's Subs as a 17-year-old with a $125,000 loan from his football coach, he wasn't even old enough to legally slice cold cuts at the Point Pleasant, …

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Jersey Mike's Sandwich Chain Is Acquired By Private Equity Firm ...

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Nov 19, 2024 · Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone in a deal valued at $8 billion.

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Jersey Mike's Sandwich Chain Is Acquired By Private Equity Firm ...

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Nov 19, 2024 · Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone in a deal valued at $8 billion NEW YORK -- Jersey Mike's, the …

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Jersey Mike's Gets An $8 Billion Boost. What's Next? - Quartz

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1 day ago · The acquisition, made public on Nov. 19, marks a new chapter for one of the nation’s fastest growing sandwich chains, already on track to national dominance.With Blackstone’s …

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FAQs about Jersey Mike's sandwich chain is acquired by private equity firm ... Coupon?

Who owns Jersey Mike's?

(AP Photo/Mark Lennihan, File) NEW YORK (AP) — Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by asset management giant Blackstone. In the transaction announced Tuesday, private equity funds managed by Blackstone will be used to acquire majority ownership of Jersey Mike’s. ...

Why did Blackstone buy Jersey Mike's?

NEW YORK — Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone. The transaction is “intended to help enable Jersey Mike’s to accelerate its expansion across and beyond the U.S. market,” the companies said Tuesday, as well as aid ongoing technological investments. ...

Why did Jersey Mike's get a $8 billion valuation?

This marks a significant milestone for Jersey Mike's, a rapidly growing sandwich chain, and demonstrates the increasing interest of private equity firms in the quick-service restaurant (QSR) sector. The $8 billion valuation highlights Jersey Mike's substantial growth and profitability. ...

How much is Jersey Mike's subs worth?

On Tuesday, private equity giant Blackstone announced that it had entered into an agreement to buy a majority of Cancro's company. The deal reportedly valued Jersey Mike's Subs at around $8 billion including debt, bumping Cancro's net worth to estimated $7.5 billion, according to Bloomberg. ...

How much did Jersey Mike's Sell in 2023?

Jersey Mike’s posted sales of $3.3 billion in 2023, up 25% from the prior year, according to Technomic. It’s the 30th largest chain in the U.S. based on annual sales. Its aggressive growth has helped Jersey Mike’s take market share from rivals like Subway, which has been struggling with a glut of aging stores. ...

How much is Jersey Mike's worth?

But a source familiar with the matter confirmed to The Associated Press that the transaction would value Jersey Mike's at around $8 billion, a figure previously reported by The Wall Street Journal. The acquisition of the private company is expected to close in early 2025, subject to regulatory approvals and other closing conditions. ...