On the record · Investment firm

Roark Capital

Largest restaurant franchise operator in the world, controlling Subway, Arby's, Dunkin', and more

Research depth

Transactions sourced

At least one recorded transaction has a public source.

Record updated Sept. 27, 2026

Current ownership

Current owner not established

This record does not identify a current owner. That absence is a gap in the record, not a conclusion about ownership.

Ownership and transaction history

Chronology from recorded ownership periods, transactions and reviewed outcome events. Event order does not imply causation.

Sept. 28, 2016

Great Expressions Dental Centers / Roark Capital Group

Leveraged buyout · Completed · Recorded transaction

April 30, 2024

Roark Capital acquires Subway

Leveraged buyout · Completed · Recorded transaction

Sources and evidence

Recorded transaction sources

These support a recorded transaction row. They have not passed the separate evidence-review process.

  1. R1
    Roark Acquires Great Expressions Dental Centers

    Great Expressions Dental Centers · Company announcement · Sept. 28, 2016

    Supports: Recorded transaction

  2. R2
    Subway Sale to Roark is Complete

    Subway · Company announcement · April 30, 2024

    Supports: Recorded transaction

  3. R3
    After Months of Scrutiny, Roark Capital Finalizes $9.6 Billion Subway Acquisition

    Entrepreneur · News report · April 30, 2024

    Supports: Recorded transaction

What we do not know

These are gaps in the public record, not findings about the organization.

  • The organization's operating status has not been researched.
  • No current public ownership assessment has been published.

Help improve this record

Firsthand experience, public sources and corrections can help close the gaps above.