Subway is now under the ownership of Roark Capital, a private equity firm based in Atlanta.  The Subway chain comprises 37,000 restaurants in 100 nations, all owned and operated by franchisees.  Subway stores specialize in made-to-order sandwiches, wraps, salads and bowls.

The acquisition of Subway followed an intensive program of menu innovation and promotion.  John Chidsey, CEO of Subway, stated, “The entire Subway system is excited that our sale to Roark is complete.  He added, “As we look to our future, our growth journey is far from over.  With a continued strategic focus on delivering better food and a better guest experiences, our next chapter will be the most exciting yet.”

Roark Capital has more than $38 billion in equity under management, specializing in franchise and multi-location businesses in the restaurant and consumer sectors.