Private equity firm Roark Capital has acquired Dave’s Hot Chicken, aiming to accelerate the brand’s international and domestic growth. 

Launched in Los Angeles in 2017, Dave’s Hot Chicken, known for its Nashville-style cooked chicken, has more than 400 locations expected to be operating globally by the end of this year. 

“This is one of the great entrepreneurial journeys of our time, and now we begin the next chapter in the story,” said Bill Phelps, Dave’s Hot Chicken’s CEO. 

“Our entire organization is excited about the fit between Dave’s Hot Chicken and Roark, and we’re looking forward to continuing to blow our guests’ minds and unlocking growth and value for our franchise partners.”

The company’s founding team and leadership will remain in place, overseeing the company’s menu innovation, food quality, in-store experience, operations, marketing, branding, digital and more.  

North Point Mergers & Acquisitions served as the exclusive financial advisor to Dave’s Hot Chicken on the transaction. Roark owns Subway.

Further reading: Subway CEO John Chidsey to retire; interim replacement named