Subway
A Jimmy John's location on University Avenue in Urbana.
Jeff Bossert/Illinois Public Media

Jimmy John’s Sells Majority Stake To Equity Firm

The Champaign-based sandwich chain has announced it's sold a majority stake in the company to Atlanta-based private equity firm Roark Capital Group. There will be no changes to management, as founder Jimmy John Liataud will continue to remain as chairman of the company's board and the largest individual shareholder. Financial terms of the deal were not disclosed. 

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