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Roark Capital, Subway’s Parent Company, Acquires Dave’s Hot Chicken in $1 Billion Deal

(adsbygoogle = window.adsbygoogle || ).push({}); On Monday, it was announced that Dave’s Hot Chicken has been acquired by Roark Capital, a private equity firm, in a deal valued at approximately $1 billion. Founded in 2017 by three childhood friends with just $900 in savings, Dave’s Hot Chicken began as a pop-up in a parking lot in Los Angeles and has since expanded to over 300 locations. The company has franchised more than 1,000 outlets across the United States, the Middle East, and Canada. This year alone, around 155 new locations are expected to open. In 2019, Dave’s Hot Chicken partnered...
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