Arby's owner is acquiring Jimmy John's as it continues on its quest to create a fast-food empire

nate grigg

Jimmy John's.

• Inspire Brands, the parent company of Arby's and Buffalo Wild Wings, announced Wednesday that it will be acquiring US sandwich chain Jimmy John's.
• The financial terms of the deal have not yet been disclosed. Following the completion of this deal, Inspire will become the fourth-largest restaurant company in the US.
• Inspire has been slowly building out its fast-food empire. In September, it acquired burger chain Sonic for $2.3 billion.
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Inspire Brands, the parent company of Arby's and Buffalo Wild Wings, announced Wednesday that it will be acquiring US sandwich chain Jimmy John's.

The financial terms of the deal have not yet been disclosed. However, following its completion Inspire will become the fourth-largest restaurant company in the US.

"Jimmy John's is a great fit for the Inspire family," Paul Brown, cofounder and CEO of Inspire Brands said in a statement to the press on Wednesday. "What started in 1983 as a sandwich shop in a converted garage in Charleston, Illinois, has grown into a national, differentiated brand with a passionate fanbase. We are excited to welcome the Jimmy John's brand to Inspire and look forward to working with their team and franchisees to help the company achieve its next stage of growth."

Brown has been slowly building out a fast-food empire under the Inspire umbrella. The group was created in 2018 after Arby's acquired Buffalo Wild Wings. Last September, Inspire acquired burger chain Sonic for $2.3 billion.