Roark Capital, owner of Shelton-based Subway, acquires Dave’s Hot Chicken for $1 billion, expanding its fast-food portfolio.

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

Roark Capital, a private equity firm that also owns Subway, has acquired a majority stake in Dave's Hot Chicken for about $1 ...

Dave’s Hot Chicken said Monday it has been acquired ... Atlanta-based Roark specializes in franchised businesses. It bought the Subway sandwich chain in 2023 and backs two holding companies ...

The firm, based in Atlanta, has made a name for itself acquiring and franchising major food chains such as Inspire Brands, ...

A spokesperson for Dave's Hot Chicken confirmed the acquisition to ... The company acquired sandwich giant Subway in 2023 for nearly $10 billion in what was one of the biggest fast food ...

In a major move that signals both confidence and ambition, Dave’s Hot Chicken has been acquired for $1 billion by Roark ...