In a recent transaction, Roark Capital Group now has a major ownership in Jimmy John’s Sandwiches. Few large executive changes at Jimmy John’s will occur as a result of this deal since Jimmy John’s owner, Jimmy John Liautaud, has already stated that he will remain Chairman. Likewise, the President and CEO – James North – is continuing in his executive roles.
Liautaud is “excited” about this new venture, referring to his partnership with Weston Presidio a decade ago. He is looking forward to bringing to Roark “the same energy and commitment to excellence that helped make our partnership with Weston Presidio so successful.” He has also already spent the last couple of years getting to know the team there, calling them “best-in-class people that have the knowledge and expertise that will help us take this brand to the next level.”
Managing Partner of Roark Capital, Neal Aronson said of the Jimmy John’s owner: “Jimmy has built an amazing business with unlimited potential. It’s a testament to his vision, commitment to quality, and the team’s outstanding execution.”
And the numbers support this. Over the past 10 years, not only has Jimmy John’s been one of America’s fastest-growing chains because of its sandwich delivery model and speed of service, but it is also America’s 35th largest restaurant concept, according to data from Nation’s Restaurant News Top 100.