Industry News | September 20, 2016

Leading Jimmy John's Franchisee Sold to Firm

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Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced two strategic transactions by its portfolio companies: Fast Sandwich, LLC has acquired JTY Investments, one of the largest franchisees operating in Florida; and EZE Truck Holdings merged with Farren International, LLC, a global provider of transportation and rigging services.

Atlantic Street assisted portfolio company Fast Sandwich, LLC, a leading franchisee of Jimmy John’s Gourmet Sandwich Restaurants in the greater Chicago area and one of the largest Jimmy John’s franchisees in the U.S., to acquire Orlando-based JTY Investments. JTY is a leading Jimmy John’s franchisee and the acquisition expands the company’s retail stores to the Orlando market. Fast Sandwich now has more than 30 retail locations.

Andy Wilkins, Atlantic Street Capital managing partner, says, “JTY is a great addition to Fast Sandwich’s existing footprint, providing penetration in a growing Jimmy John’s market.  This transaction represents the first step in Fast Sandwich’s overall acquisition strategy, creating a strong footprint in Florida with a store mix and market profile in keeping with the company’s core strategy.”

Atlantic Street’s portfolio company EZE Truck Holdings merged with Farren International, LLC, a global provider of transportation and rigging services, creating a leading national specialty heavy hauling and logistics business. Established in 1959, Farren is based in Randolph, New Jersey, and is today a global provider of transportation, rigging and related value-added solutions such as warehousing and kitting. The company focuses on hauling heavy-haul flatbed catering to the aerospace, chemical, cosmetics, food, pharmaceuticals, plastics, power and other general/manufacturing industries. The combined business now has over 900 pieces of equipment.

“The combination of Farren and its strong Eastern operations with EZE’s footprint quickly transforms the company into a national network that serves a widely diversified blue-chip customer base. Farren provides meaningful industry and geographical diversification and development of a nationwide specialized heavy haul network and the combination with Farren positions EZE to further grow the business through additional strategic acquisitions and expansion of value added services,” says Peter Shabecoff, founder and partner of Atlantic Street.

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.

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