1851

WALL STREET, NY&nbsp;—&nbsp;<a href="https://www.jerseymikes.com/franchise?utm_source=1851franchise.com&utm_medium=article&utm_campaign=blackstone-acquires-majority-stake-in-jersey-mikes-signaling-ambitious-growth-plans-2727945" target="_blank" rel="nofollow">Jersey Mike's</a>, the fast-growing submarine sandwich chain, has agreed to sell a majority stake to private equity firm&nbsp;<a href="https://www.blackstone.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=blackstone-acquires-majority-stake-in-jersey-mikes-signaling-ambitious-growth-plans-2727945" target="_blank" rel="nofollow">Blackstone</a> in a deal valued at approximately $8 billion. The transaction,&nbsp;<a href="https://apnews.com/article/jersey-mikes-acquired-blackstone-transaction-d45eb865f912eb39bbd7ac8ad8a86fcd?utm_source=1851franchise.com&utm_medium=article&utm_campaign=blackstone-acquires-majority-stake-in-jersey-mikes-signaling-ambitious-growth-plans-2727945" target="_blank" rel="nofollow">announced Tuesday</a>, is expected to close in early 2025, subject to regulatory approvals.Under the terms of the agreement, Jersey Mike's Founder and CEO&nbsp;<a href="https://1851franchise.com/franchise-influencers-peter-cancro-founder-and-ceo-jersey-mikes-2721307#stories">Peter Cancro</a> will retain a significant equity stake and continue to lead the business.In a statement, Cancro said, "We believe we are still in the early innings of Jersey Mike's growth story and that Blackstone is the right partner to help us reach even greater heights."&nbsp;The acquisition is intended to accelerate Jersey Mike's expansion both within and beyond the United States, and support ongoing investments in technology and digital transformation.<a href="https://www.linkedin.com/in/peter-wallace-a1562210/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=blackstone-acquires-majority-stake-in-jersey-mikes-signaling-ambitious-growth-plans-2727945" target="_blank" rel="nofollow">Peter Wallace</a>, a senior managing director at Blackstone, expressed enthusiasm for the partnership in a statement: "Jersey Mike's has grown for more than half a century by maintaining an unrelenting focus on quality. Our capital and resources will help support key investments in growth and technology for the benefit of Jersey Mike's customers and exceptional franchisees.”Jersey Mike's has experienced rapid growth in recent years, with system sales increasing an average of 24% over the past five years. The chain currently operates nearly 3,000 locations nationwide, with plans for international expansion in Canada and Europe.The deal marks another significant investment in the restaurant industry for Blackstone, which previously acquired Tropical Smoothie Café and has invested in the drive-thru coffee chain Brew.Guggenheim Securities and Morgan Stanley are acting as financial advisors to Jersey Mike's, while Barclays and Bank of America are advising Blackstone.The acquisition of Jersey Mike's follows a trend of private equity firms investing in successful franchise businesses. In 2023,&nbsp;<a href="https://1851franchise.com/subway-sold-to-owner-of-dunkin-jimmy-johns-and-arbys-2723441#stories">Subway, one of Jersey Mike's main competitors, was sold to Roark Capital</a> for $9.6 billion.Every great franchisee had help buying a franchise. Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit&nbsp;<a href="http://www.1851growthclub.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=blackstone-acquires-majority-stake-in-jersey-mikes-signaling-ambitious-growth-plans-2727945" target="_blank" rel="nofollow">www.1851growthclub.com</a> and start your journey.

Blackstone Acquires Majority Stake in Jersey Mike's, Signaling Ambitious Growth Plans - 1851

Jersey Mike's Partners with Blackstone in $8 Billion Deal to Drive Growth

1851 Franchise

The deal, valued at $8 billion, aims to accelerate expansion and enhance technological investments for the popular sandwich chain.

Blackstone Acquires Majority Stake in Jersey Mike's, Signaling Ambitious Growth Plans

blackstone-acquires-majority-stake-in-jersey-mikes-signaling-ambitious-growth-plans

Comfort Keepers

Comfort Keepers - Butch and Niki Irwin - Father's Day - 1851 Franchise

A Legacy of Care: How a Father and Daughter Team Elevate Senior Living Across Michigan and Ohio

comfort-keepers-monroe-butch-niki-irwin

Minuteman Press International

Minuteman Press Franchise Owner Corey Sanders at his center in Greenville, SC.

Minuteman Press Franchise Review: From Business Consulting to Printing

minuteman-press-franchise-review-from-business-consulting-to-printing

HomeTeam Inspection Service

Sell Smarter: How Pre-Listing Inspections Give Home Sellers an Edge

pre-listing-inspections-seller-advantage

BoConcept

BoConcept Shares Tips for Homeowners Who Want to Refresh Their Living Rooms

boconcept-shares-tips-for-homeowners-who-want-to-refresh-their-living-rooms

BoConcept’s Carmen Henriquez Shares Tips for Seamless Indoor-Outdoor Design

boconcepts-carmen-henriquez-shares-tips-for-seamless-indoor-outdoor-design

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises - 1851 Franchise

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises

homebuyers-keep-buying-and-thats-good-news-for-home-service-franchises

AI Could Push Unemployment to 20% — Fueling a Surge in First-Time Franchise Buyers - 1851 Franchise

AI Could Push Unemployment to 20% — Fueling a Surge in First-Time Franchise Buyers

ai-unemployment-impact-white-collar-job-loss

How To Sell Just One Franchise: What You’ll Learn at FranCamp NJ 2025

how-to-sell-just-one-franchise-what-youll-learn-at-francamp-nj-2025

House Passes Tax Relief Package With Key Benefits for Small Businesses and Franchises

house-passes-small-business-tax-relief-bill-2025

McDonald’s To Hire 375,000 Workers as It Prepares for Major U.S. Expansion

mcdonalds-to-hire-375000-workers-as-it-prepares-for-major-us-expansion

Restaurant Business: Crumbl Cools Its Expansion, Refocuses on Profitability

restaurant-business-crumbl-cools-its-expansion-refocuses-on-profitability

How Car Sales Taught Buddy's Home Furnishings’ Mitchell Lee the Secrets of Franchise Development

how-car-sales-taught-buddys-home-furnishings-mitchell-lee-the-secrets-of-franchise-development

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

The Top 20 Handyman Franchises To Invest in for 2025

top-handyman-franchises-to-invest-in

The Top 20 Cleaning Franchises to Invest in for 2025

top-cleaning-franchises-to-invest-in

franchisee spotlight graphic with photo of Melissa & Matt Johnson and Pigtails & Crewcuts logo

Building a Family-Friendly Business: How Melissa and Matt Johnson Grew Pigtails & Crewcuts in San Antonio

how-melissa-and-matt-johnson-grew-pigtails-crewcuts-in-san-antonio

Sola Salons Franchisee Grows Salon Freedom Into a Multi-State Powerhouse 

sola-salons-franchisee-grows-salon-freedom-into-a-multi-state-powerhouse

Blackstone Acquires Majority Stake in Jersey Mike's, Signaling Ambitious Growth Plans

MORE STORIES LIKE THIS