 |
Splash Communications handles Jersey Mike’s Subs as private equity giant Blackstone gobbles up a majority stake in the submarine sandwich chain.
Jersey Mike’s founder/CEO Peter Cancro will remain at the helm and retain a significant stake in the company.
He called Blackstone the right partner to bankroll Jersey Mike’s growth in the US and beyond. It will also make the needed investments for technology and digital transformation.
Blackstone has experience in growing franchisors such as Hilton Hotels and SERVPRO, cleanup & restoration chain.
Cancro began working at his company’s original Point Pleasant location when he was 14. It opened as “Mike’s Subs” in 1956.
Canco bought the shop in 1975 at age 17. He started franchising Jersey Mike’s in 1987. It now has more than 3,000 units either open or in development.
Splash Communications founder Kyle Potvin represents Jersey Mike’s.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
