Company report

Is Jersey Mike’s Subs (Jersey Mike’s Franchise Systems / Jersey Mike’s Subs Inc.) owned by private equity?

Private equity owned?
YES

Last checked Jul 13, 2026

Jersey Mike’s Subs (Jersey Mike’s Franchise Systems / Jersey Mike’s Subs Inc.)jerseymikes.com

Jersey Mike’s Subs (Jersey Mike’s Franchise Systems / Jersey Mike’s Subs Inc.) is currently listed as private-equity-owned.

Ownership & Acquisition History

Current ownerMajority-controlled by private equity funds managed by Blackstone Inc. (Blackstone).
Private equity ownerBlackstone (private equity funds managed by Blackstone Inc.)
PE ownership date2025-01-16
Company founded1956 by Michael Ingravallo (original 1956 shop, ‘Mike’s Subs’/‘Mike’s Giant Submarine Shop’); Peter Cancro (acquired the original shop in 1975 and built the Jersey Mike’s franchisor) in Point Pleasant, New Jersey, United States

Yes—Jersey Mike’s is currently private-equity-owned and controlled through a majority stake held by private equity funds managed by Blackstone (acquired January 16, 2025).

Notes

  • Blackstone (private equity funds managed by Blackstone) announced an agreement to acquire a majority ownership position in Jersey Mike’s on November 19, 2024.
  • The Blackstone press release also states the original Point Pleasant, NJ shop was founded in 1956 as ‘Mike’s Subs,’ that Peter Cancro acquired it in 1975, and that franchising began in 1987.
  • A Jersey Mike’s Franchise Disclosure Document states that on January 16, 2025, 90% of the equity interest in Jersey Mike’s HoldCo, LLC was acquired by an entity controlled by Blackstone affiliates—evidence of closing and controlling ownership.
  • A trade/business outlet (Virginia Business / BridgeTower) reports Blackstone completed the acquisition of a majority stake in January 2025 (confirming the deal closed).
  • As of July 2, 2026, Jersey Mike’s announced it publicly filed an S-1 registration statement for a proposed IPO (indicating it is preparing to go public but not yet publicly traded at filing time).
  • Logo URL is sourced from Wikimedia Commons’ hosted asset for the current Jersey Mike’s logo.

Sources

Ownership FAQ

Is Jersey Mike’s Subs (Jersey Mike’s Franchise Systems / Jersey Mike’s Subs Inc.) owned by private equity?

Yes. Jersey Mike’s Subs (Jersey Mike’s Franchise Systems / Jersey Mike’s Subs Inc.) is currently listed as private-equity-owned by Blackstone (private equity funds managed by Blackstone Inc.).

Who owns Jersey Mike’s Subs (Jersey Mike’s Franchise Systems / Jersey Mike’s Subs Inc.)?

Majority-controlled by private equity funds managed by Blackstone Inc. (Blackstone).

When was Jersey Mike’s Subs (Jersey Mike’s Franchise Systems / Jersey Mike’s Subs Inc.) last checked?

This page was last checked on Jul 13, 2026.