Subway rival Jersey Mike’s Subs acquired by Blackstone in $8B deal
Blackstone has agreed to buy Jersey Mike’s Subs, the sandwich chain said Tuesday, in a deal that a source said valued the company at around $8 billion, including debt. Reuters had reported on Monday, citing a person familiar with the matter, that Blackstone was nearing a deal for Jersey Mike’s. The deal, which is expected to close in early 2025, underscores private equity (PE) firms’ increasing interest … Read more