Blackstone Acquires Majority Stake in Jersey Mike's Subs
November 19, 2024
Private equity firm Blackstone has agreed to acquire a majority ownership position in Jersey Mike's Subs, with founder and CEO Peter Cancro retaining a significant equity stake and remaining CEO. The partnership is intended to accelerate Jersey Mike's U.S. and international expansion and support investments in technology and digital transformation; the transaction is expected to close in early 2025 pending customary approvals.
- Buyers
- Blackstone
- Targets
- Jersey Mike's Subs
- Sellers
- Peter Cancro and other existing shareholders
- Industry
- Restaurants & Hospitality
- Location
- New Jersey, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Co-CEOs Buy Mountain Mike's Pizza from Levine Leichtman Capital Partners
February 16, 2022
Restaurants & Hospitality
Levine Leichtman Capital Partners has sold its investment in Mountain Mike's Pizza to an entity controlled by the company's co-CEOs, Chris Britt and Ed St. Geme, in a management-led buyout. Mountain Mike's Pizza is a franchisor with over 245 stores across multiple western U.S. states and is headquartered in Newport Beach, California; LLCP had invested in the company in 2017 and helped drive store growth and franchising initiatives.
-
Blackstone Growth Makes Growth Investment in 7 Brew Coffee
February 14, 2024
Restaurants & Hospitality
Blackstone Growth (Blackstone) has made a growth equity investment in 7 Brew Coffee to accelerate the drive-thru beverage chain's U.S. expansion. Jimmy John Liautaud is identified as a selling shareholder; terms were not disclosed.
-
Blackstone Makes Minority Investment in Sia Partners (up to €250M)
December 17, 2024
Consulting
Funds managed by Blackstone's private equity strategy will make a minority investment of up to €250 million in Sia Partners. Founder and CEO Matthieu Courtecuisse retains a significant majority stake and will continue to lead the firm; the capital will support Sia's U.S. expansion, capability development (notably in AI), and strategic M&A.
-
Roark Capital Acquires Subway Restaurants
August 24, 2023
Restaurants & Hospitality
Subway has entered into a definitive agreement to be acquired by affiliates of Roark Capital. The deal pairs Subway's global quick-service restaurant footprint with Roark's franchise and multi-location leadership to support growth, restaurant modernization and franchisee initiatives.
-
Corsair Acquires Majority Stake in MJM Holdings
January 10, 2024
Insurance
Corsair, a New York-based private equity firm, has signed a definitive agreement to acquire a majority stake in MJM Holdings, a leading independent commercial insurance broker headquartered in Warsaw, Poland. Current investors Posella Limited and Solter Capital are fully exiting while MJM founder Marcin Ślotała and the founding management team will remain and roll significant equity as Corsair supports the company’s buy-and-build expansion plan.
-
Blackstone Acquires Tropical Smoothie Cafe from Levine Leichtman Capital Partners
June 12, 2024
Restaurants & Hospitality
Private equity funds managed by Blackstone have completed the acquisition of Tropical Smoothie Cafe from Levine Leichtman Capital Partners. Tropical Smoothie Cafe, a fast-casual franchisor headquartered in Atlanta with more than 1,400 locations nationwide, will partner with Blackstone to accelerate expansion, menu innovation and digital guest experience enhancements.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.