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Dave's Hot Chicken sold to Subway owner Roark Capital in a $1 billion deal

  • Roark Capital has acquired a majority stake in Dave's Hot Chicken for a deal valued at $1 billion.
  • This acquisition marks Roark Capital's first restaurant deal since purchasing Subway for $9.6 billion in 2023.
  • The company has sold licensing rights for over 1,000 locations in the U.S., Canada, and the Middle East.
  • The founders will remain involved in growing the brand, as reported by the Associated Press.
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Bias Distribution

  • 65% of the sources are Center
65% Center

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CNBC broke the news in Englewood Cliffs, United States on Monday, June 2, 2025.
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