Jersey Mike’s could go public

Blackstone has acquired Jersey Mike’s, a restaurant franchise sandwich chain in California, for $1.4 million. Jersey Mike’s operates sub sandwich restaurants and has expanded rapidly, reaching about 3,227 stores in early 2026 after hitting 3,000 locations in early 2025. The brand’s strong unit economics, including average unit volume near $1.4 million for mature stores, has supported growth and positioned it for investor interest in consumer M&A and consumer deals CA. The restaurant franchise acquisition followed Jersey Mike’s confidential U.S. S-1 filing for a potential IPO, with no target pricing or IPO size set yet, and the deal is categorized as other acquisition with under-$10M scale.