Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. It brings to an end the sandwich chain’s near six-decade run as a family-owned business.
Atlanta-based Roark Capital buys Subway chain; price not disclosed ajc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajc.com Daily Mail and Mail on Sunday newspapers.
Acquisition activity is heating up in the restaurant space. The latest example is private equity firm Roark Capital reaching an agreement to acquire Subway, the quick-service sandwich chain.