Blackstone has agreed to acquire Jersey Mike"s Subs for approximately $8 billion, including debt, with the deal expected to close in early 2025. Jersey Mike"s, founded in 1956 and now boasting over 3,000 locations, aims for further growth with Blackstone"s support, as the private equity firm continues to invest in franchise operators. Jersey Mike"s founder and CEO Peter Cancro will retain an equity stake and lead the business post-acquisition.
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