In a (dollar)1 billion deal, the company that owns Burger King and Popeye’s will buy Firehouse Subs.
Firehouse Subs has been added to the portfolio of the company that owns Burger King, Popeye’s, and Tim Horton’s.
Restaurant Brands International Inc. announced today that it has reached an all-cash (dollar)1 billion agreement to purchase the restaurant founded in 1994 by brothers and former firefighters Chris and Robin Sorensen in Jacksonville, Florida.
It included the formation of the Firehouse Subs Public Safety Foundation, a non-profit organization.
According to Restaurant Brands International, the foundation has given public safety organizations (dollar)6.25 million in equipment and other support.
There are 1,200 Firehouse Subs locations across the country.
“At Firehouse Subs, we are united in our commitment to and passion for hearty and flavorful food, heartfelt service, and public safety,” said Don Fox, chief executive officer.
The donations we generate for our Foundation through our restaurants mean changing and saving lives, so we can’t wait to accelerate our journey at home and around the world.” “Joining the RBI family of brands provides an energizing opportunity to assist more communities, not only across America and Canada, but around the world. We can’t wait to accelerate our journey at home and around the world.”
Firehouse Subs will remain in Florida, according to RBI, and will be run by Fox and chief financial officer Vincent Burchianti.
The Hook and Ladder sub from Firehouse Subs is served in an everything bagel roll with Philadelphia Cream Cheese.