After 15 years of ownership, Jack in the Box has sold Qdoba to Apollo Global Management. According to a recent article in Nation's Restaurant News , the final transaction was a $305 million deal. With this deal, Apollo Global Management will take control of over 700 locations.
“Completing the sale of Qdoba marks an important milestone in the actions we’re taking to enhance shareholder value while creating an asset-light business model that is less capital intensive,” said Lenny Comma, CEO if Jack in the Box.
Apollo Global Management has expressed a commitment to continuing the momentum of the burrito franchise. The company noted Qdoba's status as a leading fast casual brand and says that it is excited to work alongside a system full of outstanding management, talent and franchise partners.
This story was originally published in 1851 Franchise on March 22, 2018. Burnaze summarizes and links to the original reporting.
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