Subway is one of the largest fast-food chains in the world, known for its fresh-made sandwiches and wraps. But Who Is the Owner of Subway? The answer has recently changed.
Subway was founded in 1965 by Fred DeLuca and financed by Peter Buck. The first restaurant opened in Bridgeport, Connecticut, under the name Pete’s Super Submarines. In 1972, the name was changed to Subway, and by 1974, the company started franchising, allowing independent owners to operate Subway locations under its brand.
For many years, Subway remained a family-run business. It was privately owned by the DeLuca and Buck families. However, in 2023, Subway was sold to Roark Capital, marking the first change in ownership since the company was founded.
Who Owns Subway Now?
As of 2023, Subway is owned by Roark Capital, a private equity firm based in Atlanta, Georgia. The deal was finalized after much speculation, and Subway’s leadership has confirmed that its business strategy will remain the same under the new ownership.
What is Roark Capital?
Roark Capital is a private equity firm that specializes in investing in franchise-based businesses. It has around $37 billion in assets and owns several well-known restaurant brands, including:
- Arby’s
- Buffalo Wild Wings
- Sonic Drive-In
- Dunkin’ (formerly Dunkin’ Donuts)
- Baskin-Robbins
- Jimmy John’s
- Cinnabon
- Moe’s Southwest Grill
- Carl’s Jr. and Hardee’s
Why Did Roark Capital Buy Subway?
Subway is one of the most recognized restaurant brands in the world, with nearly 37,000 locations in over 100 countries. Roark Capital specializes in restaurant and franchise businesses, making Subway a strong fit for its portfolio. The deal allows Subway to expand and improve its services while benefiting from Roark’s experience in managing large restaurant chains.
What Does This Mean for Subway?
Despite the change in ownership, Subway’s leadership has reassured customers and franchise owners that there will be no major changes in how the company operates. The focus will remain on providing fresh food and a great customer experience.
Frequently Asked Questions
Q: Who owned Subway before Roark Capital?
A: Subway was privately owned by the families of its founders, Fred DeLuca and Peter Buck, from 1965 to 2023.
Q: Will Subway’s menu change under new ownership?
A: There have been no announced changes to Subway’s menu. The company remains focused on serving fresh sandwiches and wraps.
Q: Why did Subway sell the company?
A: The sale was part of a plan to help Subway expand and improve its operations with the support of an experienced restaurant-focused investment firm.
Q: Does Roark Capital own any other restaurant chains?
A: Yes, Roark Capital owns many popular restaurant brands, including Dunkin’, Arby’s, Buffalo Wild Wings, and Jimmy John’s.
Q: Is Subway still a franchise?
A: Yes, Subway continues to operate as a franchise business, meaning individual restaurant locations are owned by independent franchisees.
With its new ownership under Roark Capital, Subway is set to continue growing while keeping its familiar brand and fresh menu.