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Blackstone buys majority stake in Jersey Mike's Subs for $8 billion, planning to expand the chain.
Private equity firm Blackstone has acquired a majority stake in Jersey Mike's Subs for about $8 billion, aiming to expand the sandwich chain both domestically and internationally.
Jersey Mike's founder and CEO Peter Cancro will continue to lead the company and retain a significant equity stake.
The acquisition, expected to close in early 2025, is subject to regulatory approvals.
The deal is the largest since Subway's sale to private equity last year.
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Blackstone compra participación mayoritaria en Jersey Mike's Subs por $8 mil millones, planeando expandir la cadena.