Inspire Brands has agreed to acquire Jimmy John’s for an undisclosed amount. The deal is expected to close by the end of October, and founder and chairman Jimmy John Liautaud will step down as chairman and become an advisor to the brand.
Following the closure of the agreement, Inspire Brands will be the fourth-largest restaurant company in the USA, with 11,200 restaurants across 16 countries. Annual sales will total over US$14 billion.
Jimmy John’s will be the third acquisition for Inspire Brands within the last two years. Inspire Brands will look to streamline Jimmy John’s through their tech investments and integrated data and analytics platform.
