ATLANTA & CHAMPAIGN, Ill.--(BUSINESS WIRE)--Inspire Brands, Inc. (“Inspire”) today announced the completion of its acquisition of Jimmy John’s Sandwiches (“Jimmy John’s”).
With the addition of Jimmy John’s, Inspire now encompasses more than 11,200 restaurants across 16 countries generating more than $14 billion annual system sales, making it the fourth-largest restaurant company in the United States. In addition to Jimmy John’s, Inspire’s restaurant portfolio includes Arby’s, Buffalo Wild Wings, SONIC Drive-In and Rusty Taco.
“We are excited to officially welcome Jimmy John’s to our growing family of brands,” said Paul Brown, Chief Executive Officer of Inspire Brands. “The team members and franchisees at Jimmy John’s should be incredibly proud of the company they’ve helped create, and we look forward to building on their success as we continue to drive innovation and long-term growth at Jimmy John’s.”
As previously announced, James North has been named President of the Jimmy John’s brand, reporting to Paul Brown, and founder Jimmy John Liautaud is serving as an advisor to the brand.
“Jimmy John’s is thrilled to join the Inspire family,” said North. “Our guests, team members and franchisees will benefit greatly from Inspire’s significant scale and investments in industry-leading capabilities, and we look forward to working alongside the Inspire team to fuel future growth for the Jimmy John’s brand.”
About Inspire Brands
Inspire Brands is a multi-brand restaurant company whose current portfolio includes more than 11,200 Arby’s, Buffalo Wild Wings, SONIC Drive-In, Rusty Taco, and Jimmy John’s Sandwiches locations worldwide. The company was founded in 2018 and is headquartered in Atlanta, Georgia. For more information, visit InspireBrands.com.
Roark focuses on investing in franchised and multi-unit businesses in the consumer and business services sectors. Since inception, affiliates of Roark have invested in 73 franchise/multi-unit brands, which collectively generate $37 billion in annual system revenues from 36,000 locations in 50 states and 81 countries.