Dave's Hot Chicken, the Nashville-style hot chicken chain founded in 2017, has been acquired by private equity firm Roark Capital for $1 billion. The rapidly expanding company, boasting nearly 400 restaurants globally, will retain its leadership team. Roark Capital, known for its investments in franchised businesses including Subway, plans to leverage its expertise to further expand Dave's Hot Chicken's reach. This deal marks another significant acquisition in Roark's portfolio of restaurant brands.

Prepared by Christopher Adams and reviewed by editorial team.