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Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights'
Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Subs, a Garden State icon that grew into a national sandwich powerhouse, is set to sell a majority stake to private equity giant Blackstone, officials said. The Manasquan-based restaurant chain has agreed to sell the stake in the company, Blackstone said in a news release on Tuesday, Nov. 19. Jersey Mike’s founder and CEO Peter Cancro will keep a significant equity share and continue leading the business. When he was 14 years old, Cancro began working at the original location in Point Pleasant that opened as Mike's Subs in 1958. At 17, he bought the restaurant in 1975 and…

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by Chris Spiker
Business
Brothers Bring Tex-Mex Taco Chain To New Jersey Brothers Bring Tex-Mex Taco Chain To New Jersey
Brothers Bring Tex-Mex Taco Chain To New Jersey A small-town taco shop that later turned nationally-acclaimed is heading to New Jersey. Tex-Mex restaurant franchise, Capital Tacos, has sealed the deal on the brand's first-ever franchise agreement for the Garden State. Brothers Parth and Yash Patel are the New Jersey natives responsible for bringing the latest franchise deal to market. The Patels share a family background steeped in entrepreneurship that spans a multitude of industries.  They saw an opportunity to introduce an innovative and award-winning take on Tex-Mex cuisine that doesn't exist in their region.  "Our curren…

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by Cecilia Levine