Jimmy John's Acquired By Inspire Brands
ATLANTA, GA - The company known for Arby’s, Buffalo Wild Wings, and Sonic Drive-In is adding another restaurant under its belt: Jimmy John’s Sandwiches. Inspire Brands recently made a deal to acquire the chain, a decision that was unanimously approved by Jimmy John’s Board, including Founder Jimmy John Liautaud.
“Jimmy John’s has found the ideal home at Inspire,” Liautaud said in the statement. “Inspire’s long-term approach, culture of innovation, and commitment to helping brands grow sets it apart from the rest. I couldn’t be prouder of the company we’ve built, and I can’t wait to see what Jimmy John’s is able to accomplish under Inspire’s leadership.”
According to Crain's Chicago Business, Inspire stated Liautaud will step down as Chairman and become an adviser when the deal closes. No financial terms were disclosed at the time of announcement.
“Jimmy John’s is a great fit for the Inspire family,” stated Inspire Co-Founder and CEO Paul Brown. “What started in 1983 as a sandwich shop in a converted garage in Charleston, Illinois, has grown into a national, differentiated brand with a passionate fanbase. We are excited to welcome the Jimmy John’s brand to Inspire and look forward to working with their team and franchisees to help the company achieve its next stage of growth.”
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