Subway Agrees to $9.6 Billion Sale to Dunkin’ Owner Roark Capital
Subway on Thursday agreed to a $9.6 billion sale to the private equity firm that owns Dunkin’ Brands, the company announced. Roark Capital today finalized the purchase of the sandwich chain. Dunkin' Donuts parent company acquires Subway for $9.6 billion. pic.twitter.com/7FNz1PdzoE — Watcher.Guru (@WatcherGuru) August 24, 2023 “The transaction is a major milestone in Subway ’s multi-year transformation journey, combining Subway ’s global presence and brand strength with Roark’s deep expertise in restaurant and franchise business models,” Subway said in a statement. The sale ends an over fifty-year ownership by the companies’ two founding families. Subway was founded in 1965 by 17-year-old Fred DeLuca and family friend Peter Buck — opening their first shop, Pete’s Super Submarines, in Bridgeport, CT. Roark Capital, an Atlanta-based private equity firm, has $37 billion in assets under management. It is als...