KEY TAKEAWAYS Blackstone has bought control of Jersey Mike’s Subs, in the latest move by the private equity giant to buy franchisors.Blackstone didn’t give a deal amount, but The Wall Street Journal,

Jersey Mike's, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone. The transaction is "intended to help enable Jersey Mike’s to accelerate its expansion across and beyond the U.

Private equity firm Blackstone will acquire a majority stake in Jersey Mike's Subs, the sandwich chain said on Tuesday. Reuters had reported on Monday that Blackstone was nearing a deal for Jersey Mike's at around $8 billion,

Blackstone Inc. is close to an agreement to acquire sandwich chain Jersey Mike’s for about $8 billion including debt, according to a person familiar with the matter.

Private equity firm Blackstone is buying majority ownership of Jersey Mike's Subs, a New Jersey-based sandwich chain that has grown to be international with thousands of locations. Blackstone says Jersey Mike's founder and CEO Peter Cancro will maintain a significant equity stake and continue to lead the business.