Atlantic Street Capital, a private equity firm, recently acquired The Sandwich Shop Holdings Company, a leading franchisee of Jimmy John’s Gourmet Sandwich Restaurants.
Jimmy John’s, established in 1983, is based out of Champaign, Illinois. It is a fast casual submarine sandwich chain that has approximately 2,000 restaurants throughout the U.S.
Faisal Ghani, the founder of The Sandwich Shop Holdings Company, will remain as chief executive officer of the company.
"We are very excited to be investing to help grow the Jimmy John's brand," Andy Wilkins, a managing partner at Atlantic Street Capital, said. "The simplicity, timelessness and reasonable price points of Jimmy John's sub sandwiches results in a concept that works in any market and across socio-economic demographics. Faisal and his team have built a strong and profitable company, and we look forward to partnering with him and his executive team to broaden the company's geographic base well beyond the greater Chicago area."
Founded in 2001, The Sandwich Shop Holdings Company owns and operates 23 franchised Jimmy John's in the greater Chicago area.
"Atlantic Street Capital has the financial and operational resources to help us grow the company beyond the Midwest,” Ghani said. “Importantly, they understand and share our passion for the Jimmy John's philosophy whose fresh ingredients and customer value serve as the cornerstone for our success. We look forward to having them as partners in our growth."