Blackstone is acquiring a majority stake in Jersey Mike’s Subs, reportedly for some $8 billion, in a move aimed at continuing the Manasquan-based sandwich chain’s rapid growth.
A long time coming: After decades of growth nationally, Jersey Mike’s eyes major expansion in Garden State
Jersey Mike’s Subs has grown to nearly 2,000 stores across 48 states. It’s now experiencing its most significant growth to date in northern and central New Jersey — even as it grapples with the effects of the pandemic — with about 100 stores currently open north of Interstate 195 and another 60 locations in development.