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Roark Capital Acquires Dave's Hot Chicken for $1 Billion

6/5/2025

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Summary

Story summary

Roark Capital has acquired Dave's Hot Chicken for $1 billion to drive global expansion.
Established in 2017, Dave's operates over 300 locations and aims to surpass 400 by year-end.
The brand has sold rights for over 1,000 franchises across the U.S., Middle East, and Canada.
Roark Capital manages $40 billion in assets and owns major brands like Subway and Arby's.
CEO Bill Phelps views the acquisition as a pivotal moment for Dave's growth and innovation.

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Story summary

Roark Capital has acquired Dave's Hot Chicken for $1 billion to drive global expansion.
Established in 2017, Dave's operates over 300 locations and aims to surpass 400 by year-end.
The brand has sold rights for over 1,000 franchises across the U.S., Middle East, and Canada.
Roark Capital manages $40 billion in assets and owns major brands like Subway and Arby's.
CEO Bill Phelps views the acquisition as a pivotal moment for Dave's growth and innovation.