Sandwich shop finds funding
CHAMPAIGN — Privately held sandwich-shop chain Jimmy John’s plans to use money from a private equity firm to continue its national expansion.
Weston Presidio Capitol made an undisclosed investment in Jimmy John’s, based in Champaign, the two announced Wednesday.
“Weston Presidio’s track record is undisputable,” Jimmy John’s founder and Chairman Jimmy John Liautaud said in a news release. “They are retail specialists first, and they will add significant depth to the strategic planning and infrastructure needed to continue our explosive growth.”
Boston-based Weston Presidio has more than $3.3 billion under management and its investments range up to $100 million, according to the firm’s Web site. Its investments include JetBlue Airways, Wild Oats Markets, Restoration Hardware and Fender Musical Instruments.
“Jimmy John’s is a perfect match for our strategy of backing successful entrepreneurs in highly loyal, customer-driven businesses,” Weston Presidio managing partner Michael Lazarus said in the release.
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