Free Republic

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 in franchise operators. Last year, PE firm Roark Capital agreed to buy Subway, Jersey Mike’s bigger rival, in a deal valued at up to $9.55 billion. Jersey Mike’s, known for its submarine sandwiches,...

Virginia Beach, Va. – Virginia Beach Police are searching for a man who was allegedly attacked by several employees of a Jersey Mikes when they discovered he was attempting to rob the business. Officers arrived at the Jersey Mikes located at 5701 Burton Station Road and found that the masked man had entered the store, approached one of the employees and assaulted him. The employees felt that they were going to be robbed so they “attacked” the man. “I hit him with the mop stick, broom stick, whatever. And we started wrestling around. And I am telling the other employee...