Official press release from Blackstone or Jersey Mike's, or reputable financial news outlets such as Wall Street Journal or Bloomberg

Blackstone Nears $8 Billion Majority Sale Deal for Jersey Mike’s Subs

Nov 19, 2024, 02:09 AM

Blackstone is nearing a deal to acquire Jersey Mike’s Subs, valuing the sandwich chain at approximately $8 billion, including debt. The deal, which has been reported by multiple sources including the Wall Street Journal, highlights Blackstone's strategic investment in the food and beverage sector. Jersey Mike’s Subs, known for its commitment to a 'Giving Culture' under the leadership of Peter Cancro, is expected to undergo significant changes post-acquisition. Peter Cancro announced a majority sale to Blackstone, marking a significant milestone for the company.