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.

4 months ago
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