Subway Agrees to $9.6 Billion Sale to Dunkin' Owner Roark Capital

In a landmark deal reshaping the fast-food landscape, Subway on Thursday agreed to a $9.6 billion sale to the private equity firm Roark Capital, owners of Dunkin' and other major restaurant chains. This ends months of speculation and positions Roark Capital as a dominant player in the industry.

Subway on Thursday ended its drawn-out auction to sell the family-owned business, signaling a new chapter for the sandwich giant. The deal represents a significant return for the DeLuca and Buck families, who built Subway into a global brand.

The acquisition comes after Heirs to the Subway sandwich empire are selling the chain to a prominent player in the investment world. Roark Capital's portfolio includes Arby's, Baskin-Robbins, and Buffalo Wild Wings, demonstrating their experience in managing and growing established food brands.

Ultimately, Subway has agreed to be sold to Roark Capital, the private equity group known for its investments in franchise and consumer businesses. The $9.6 billion agreement is subject to regulatory approvals and customary closing conditions. The future of Subway under Roark Capital's ownership is now eagerly anticipated.

This sale marks a significant turning point for Subway, paving the way for potential changes and new strategies under the leadership of Roark Capital.