On the record · Other

Subway

World's largest restaurant chain by locations, acquired by Roark Capital in 2023 for $9.6B

Research depth

Transactions sourced

At least one recorded transaction has a public source.

Record updated Aug. 29, 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.

1 ownership record has an unresolved current/former status.

Ownership and transaction history

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

Aug. 24, 2023

Acquisition announcedR1R2

Acquirer: Roark Capital

Recorded history

April 30, 2024

Acquisition completedR1R2

Acquirer: Roark Capital

Recorded history

Date not recorded

Ownership period began

Owner: Roark Capital

Recorded history

Sources and evidence

Recorded transaction sources

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

  1. R1
    Subway Sale to Roark is Complete

    Subway · Company announcement · April 30, 2024

    Supports: Recorded transaction

  2. R2
    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.