DENVER (AP) — J.P. Morgan said Monday it will become an ownership partner in Quiznos, one of the nation’s largest and fastest-growing sandwich chains.
Terms of the definitive agreement between privately held Quiznos and J.P. Morgan Partners, a private equity affiliate of J.P. Morgan Chase, were not disclosed.
“We believe J.P. Morgan Partners is the ideal partner as we take our strong national brand to the next level,” Quiznos Chairman and Chief Executive Officer Rick Schaden said.
“Over the past 25 years, our franchise owners and employees have built a tremendous organization, and joining with J.P. Morgan Partners will help us leverage the strong and unique platform that Quiznos has put in place,” he said.
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