The deal, which is expected to close in early 2025, underscores private equity firms’ increasing interest in franchise operators.

Blackstone has agreed to acquire Jersey Mike’s Subs in a deal that values the sandwich chain around $8 billion, including debt, according to Reuters.

Jersey Mike's, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone. The transaction is "intended to help enable Jersey Mike’s to accelerate its expansion across and beyond the U.