A popular new chicken chain said this week that it had been acquired by a private equity firm.

Subway owner buys chicken chain

Big picture view:

Dave’s Hot Chicken said Monday it has been acquired by private equity firm Roark Capital in a deal valued at $1 billion.

Dig deeper:

Atlanta-based Roark specializes in franchised businesses, and recently bought the Subway sandwich chain in 2023, the Associated Press reported.

Meanwhile:

Roark Capital also backs two holding companies that own multiple restaurant chains , including:

Inspire Brands, the parent Arby’s, Dunkin’, Jimmy John’s, Sonic and Buffalo Wild Wings

GoToFoods, which owns Auntie Anne’s, Carvel, Cinnabon and Jamba

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Dave’s Hot

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