Subway Ends Family-Owned Run, , Sells to Private Equity Firm.br CNN reports that Subway has ended a six-month br search for a buyer and will be sold tobr private equity firm Roark Capital.br CNN reports that Subway has ended a six-month br search for a buyer and will be sold tobr private equity firm Roark Capital.br The news marks the end of the br sandwich chain’s almost 60-year br run as a family-owned business.br Subway released a statement, calling the deal a , “major milestone in Subway’s multi-year transformation br journey, combining Subway’s global presence and brand strength with Roark’s deep expertise in restaurant and franchise business models.”.br Roark holds investments in a number br of other major restaurant chains, including br Arby’s, Buffalo Wild Wings and Sonic.br Roark holds investments in a number br of other major restaurant chains, including br Arby’s, Buffalo Wild Wings and Sonic.br Roark holds investments in a number br of other major restaurant chains, including br Arby’s, Buffalo Wild Wings and Sonic.br This transaction reflects Subway’s br long-term growth potential, and the br substantial value of our brand and br our franchisees around the world, John Chidsey, Subway CEO, via CNN .br Subway has a bright future with br Roark, and we are committed to br continuing to focus on a win-win-win br approach for our franchisees, br our guests and our employees, John Chidsey, Subway CEO, via CNN .br While the terms of the deal were not officially br disclosed, 'The Wall Street Journal' reported br the purchase price to be "around $9.6 billion.".br While the terms of the deal were not officially br disclosed, 'The Wall Street Journal' reported br the purchase price to be "around $9.6 billion.".br CNN reports that the figure is slightly br below the $10 billion Subway had been asking br for since being put up for sale in February.br CNN reports that the figure is slightly br below the $10 billion Subway had been asking br for since being put up for sale in February.br CNN reports that Roark’s acquisition of Subway br is the second-largest in fast food history.br In 2020, Inspire Brands, which is also owned br by Roark, purchased Dunkin' for $11.3 billion.