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Rising hot chicken chain bought by Subway parent company, plans to open 155 locations this year
Private equity firm Roark Capital has purchased rising chicken restaurant chain, Dave’s Hot Chicken. The deal, worth an estimated $1 billion, was announced Monday, and brings Dave’s into Roark’s growing portfolio of brands that includes Subway, Dunkin’ and Buffalo Wild Wings.
“RIP Dave’s”: Fans are memorializing Dave’s Hot Chicken after Subway owner buys the chicken chain
The firm, based in Atlanta, has made a name for itself acquiring and franchising major food chains such as Inspire Brands, which controls Arby’s, Dunkin’, Sonic, and Buffalo Wild Wings, as well as GoTo Foods, the company behind Auntie Anne’s, Jamba, and Cinnabon.
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