Loading...
Market
Will Jersey Mike's Subs enter a new international market by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Jersey Mike's Subs or news reports
Story
Blackstone Acquires Jersey Mike's Subs for $8B, Aiming for Expansion
Nov 19, 2024, 06:07 PM
Blackstone Inc., a leading private equity firm, has finalized a deal to acquire a majority stake in Jersey Mike's Subs, valuing the sandwich chain at approximately $8 billion, including debt. This transaction marks a significant milestone for Jersey Mike's, which has been a target for private equity investment throughout the year. The acquisition is aimed at accelerating the expansion of Jersey Mike's both within and beyond the U.S. market, with plans to leverage technological investments to support growth. Peter Cancro, who purchased the original sub shop at the age of 17 with a $125,000 loan while still a high school senior, will retain a significant equity stake and continue to lead the company. His entrepreneurial journey has now culminated in a net worth of $7 billion.
View original story
Similar markets
Yes • 50%
No • 50%
Less than 200 • 25%
200 to 300 • 25%
300 to 400 • 25%
More than 400 • 25%
Rebranding • 25%
New marketing campaigns • 25%
No significant change • 25%
Other branding changes • 25%
Less than 10% • 25%
10% to 15% • 25%
15% to 20% • 25%
More than 20% • 25%
Less than $50 million • 25%
$50 million to $100 million • 25%
$100 million to $150 million • 25%
More than $150 million • 25%
Significant growth • 25%
Moderate growth • 25%
No significant change • 25%
Decline in performance • 25%
