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Subway, Tropical Smoothie Sales Highlight 6 Months of Noteworthy Franchise Deals
Franchise Finance

Subway, Tropical Smoothie Sales Highlight 6 Months of Noteworthy Franchise Deals

  • Joe Halpern, Laura Michaels, Emilee Wentland
  • Updated Aug 29, 2024

Despite a slower dealmaking market this year so far, several major acquisitions closed in the first half of 2024. Private equity firm Roark Ca…

It’s Official: FTC OKs Subway Sale to Roark
Franchise Mergers and Acquisitions

It’s Official: FTC OKs Subway Sale to Roark

  • Joe Halpern
  • Updated Aug 29, 2024

By completing one of the largest acquisition deals in franchise history, the private equity firm now owns two of the biggest sub sandwich companies in the United States.

Orangetheory, Anytime Fitness Parent Complete Massive Merger
Franchise Mergers and Acquisitions

Orangetheory, Anytime Fitness Parent Complete Massive Merger

  • By Laura Michaels
  • Updated Jul 7, 2025

Just over a month after announcing their intent to combine, Orangetheory Fitness and Self Esteem Brands, owner of Anytime Fitness, completed w…

Subway Franchisee Association Hires Prominent Attorney as General Counsel
Franchise News

Subway Franchisee Association Hires Prominent Attorney as General Counsel

  • Joe Halpern
  • Updated Mar 19, 2024

The North American Association of Subway Franchisees hired attorney Robert Zarco and his firm Zarco Einhorn Salkowski as general counsel to ad…

Merger Alert: Orangetheory, Anytime Fitness Parent to Form New $3.5B Company
Franchise Mergers and Acquisitions

Merger Alert: Orangetheory, Anytime Fitness Parent to Form New $3.5B Company

  • By Laura Michaels
  • Updated Mar 1, 2024

In one of the biggest fitness franchise consolidations of the last decade, Orangetheory Fitness and Self Esteem Brands, owner of Anytime Fitne…

FTC Reportedly Investigating Subway Sale to Roark
Franchise News

FTC Reportedly Investigating Subway Sale to Roark

  • Joe Halpern
  • Updated Dec 8, 2023

Roark Capital’s acquisition of Subway could be heading into a lengthy delay as the U.S. Federal Trade Commission has reportedly opened an inve…

Roark-backed Youth Enrichment Brands Acquires School of Rock
Franchise Mergers and Acquisitions

Roark-backed Youth Enrichment Brands Acquires School of Rock

  • By Laura Michaels
  • Updated Oct 23, 2023

School of Rock is the fourth company under Youth Enrichment Brands, joining US Sports Camps, i9 Sports and Streamline Brands. School of Rock’s CEO called the deal a “blockbuster for us.”

Roark Capital Agrees to Buy Subway for Reported $9.6B
Franchise Mergers and Acquisitions

Roark Capital Agrees to Buy Subway for Reported $9.6B

  • Joe Halpern
  • Updated Sep 11, 2023

Roark Capital, the Atlanta-based private equity firm with $37 billion in assets under management, beat out a number of other private equity firms to buy sandwich giant Subway.

Dunkin' Buys 31 Stores in First Detour from Asset-Light Model
Franchise Mergers and Acquisitions

Dunkin' Buys 31 Stores in First Detour from Asset-Light Model

  • Beth Ewen
  • Updated Mar 7, 2022

Dunkin' turned heads last month when the famously asset-light franchisor bought 31 restaurants in Ohio from franchisee Ken Blum of SMB Donuts. SMB was well down the road in negotiations with another franchisee when Dunkin' stepped in.

Roark-Backed Youth Enrichment Brands Acquires i9 Sports Plus More Bold Deals
Franchise Mergers and Acquisitions

Roark-Backed Youth Enrichment Brands Acquires i9 Sports Plus More Bold Deals

  • Callie Evergreen
  • Updated Nov 10, 2021

New platform company Youth Enrichment Brands, backed by Roark Capital, launched on October 19 after purchasing i9 Sports, the nation’s largest…

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