Subway has agreed to be acquired by affiliates of private equity firm Roark Capital in a deal that will combine the global presence of the quick-service restaurant brand with Roark's expertise in restaurant and franchise business models.
Subway recently announced its tenth consecutive quarter of positive sales and the pending acquisition will see the company continue to focus on sales growth, menu innovation, modernization of restaurants, overall guest experience improvements and international expansion.
The S&C team advising Subway includes Frank Aquila, Melissa Sawyer and Lisa Morales.
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