Subway has sold itself to private equity firm Roark Capital, ending a six-month-long search for a buyer. It brings to an end the sandwich chain's near six-decade run as a family-owned business.In a statement, Subway said that the transaction is a "major milestone in Subway's multi-year transformation journey, combining Subway's global presence and brand strength with Roark's deep expertise in restaurant and franchise business models."Roark holds investments in a number of large restaurant chains, including Arby's, Auntie Anne's, Buffalo Wild Wings, Carvel and Sonic, among others.
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