Blackstone Is Said to Near Deal for Sandwich Chain Jersey Mike's

Jersey Mike's, the popular sandwich chain, is reportedly nearing a deal to be acquired by private equity giant Blackstone.

The deal, which could value Jersey Mike's at more than $3 billion, would be one of the largest private equity transactions in the restaurant industry in recent years.

Jersey Mike's, which has more than 2,000 locations across the United States, has been growing rapidly in recent years.

The chain has been expanding its menu and adding new locations, and it has been benefiting from the growing popularity of fast-casual dining.

Blackstone is one of the world's largest private equity firms, with more than $600 billion in assets under management.

The firm has a long history of investing in the restaurant industry, and it has been a major investor in chains such as Chili's, TGI Fridays, and Red Lobster.

The deal for Jersey Mike's would be a major coup for Blackstone, and it would give the firm a significant presence in the fast-casual dining sector.

Jersey Mike's would also be a valuable addition to Blackstone's portfolio, given its strong brand recognition and its growth potential.

The deal is expected to close in the coming weeks, and it would be a major milestone for Jersey Mike's and Blackstone.

Conclusion:

The acquisition of Jersey Mike's by Blackstone would be a major transaction in the restaurant industry, and it would be a sign of the continued growth of the fast-casual dining sector.

Jersey Mike's has been a success story in recent years, and it is well-positioned to continue to grow in the future.

Blackstone is a major player in the private equity industry, and it has a proven track record of success in the restaurant sector.

The deal for Jersey Mike's would be a major coup for Blackstone, and it would give the firm a significant presence in the fast-casual dining sector.