Blackstone has bought control of Jersey Mike’s Subs, in the latest move by the private equity giant to buy franchisors.

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The acquisition is aimed at enabling the franchise to accelerate its expansion across and beyond the U.S. market.

The sub shop franchisor has more than 3,000 locations nationwide, and Blackstone aims to accelerate its expansion.

Jersey Mike’s Subs announced that private equity firm Blackstone will acquire a majority ownership position in Jersey Mike’s.

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