Jimmy John Liautaud

In the business realm, Jimmy John Liautaud's journey with his sandwich empire has been marked by strategic decisions and partnerships. In 2007, after achieving substantial success with annual sales of $300 million, he partnered with the investment firm Weston Presidio, which propelled the company's sales to a remarkable $2.5 billion. By 2014, amidst considerations of an IPO and facing public scrutiny, he sought a partnership that would allow him to maintain his company's identity and his privacy. Enter Roark Capital, a firm with a portfolio including numerous franchise brands. Neil Aronson of Roark Capital, a familiar face to him, presented an offer that resonated with him. After a thorough deliberation period, he sold a significant share of his company to Roark Capital in 2016, retaining a 35% stake and continuing as Chairman. This move ensured the preservation of the company's management structure, with James North stepping up as CEO and President.