Roark Capital acquired a majority stake in Dave's Hot Chicken for a reported $1 billion valuation. The fast-growing chicken chain, known for its spicy tenders and sliders, has expanded to over 300 locations since its 2017 founding. Dave's impressive sales growth, fueled by the 'Chicken Sandwich Wars' and a younger consumer base's preference for spicy food, attracted Roark's attention. The deal marks Roark's latest restaurant investment, following their Subway acquisition, and includes significant bonuses for Dave's employees. Dave's plans aggressive future expansion, aiming for 4,000 locations globally within the next decade, while maintaining its current high-quality standards.