🔥Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion
Jersey Mike's sandwich chain has been acquired by private equity firm Blackstone for $8 billion. Blackstone's private equity funds will acquire majority ownership to support the chain's expansion efforts in the U.S. and beyond. The deal, expected to close in early 2025, will see Jersey Mike’s founder retaining a significant equity stake in the company. Jersey Mike's, originally established in 1956, has experienced rapid growth, with sales reaching $3.3 billion in 2023. This acquisition is part of Blackstone's strategy to invest in expanding franchise businesses.
👉Read here
Jersey Mike's sandwich chain has been acquired by private equity firm Blackstone for $8 billion. Blackstone's private equity funds will acquire majority ownership to support the chain's expansion efforts in the U.S. and beyond. The deal, expected to close in early 2025, will see Jersey Mike’s founder retaining a significant equity stake in the company. Jersey Mike's, originally established in 1956, has experienced rapid growth, with sales reaching $3.3 billion in 2023. This acquisition is part of Blackstone's strategy to invest in expanding franchise businesses.
👉Read here