What’s going on at Jersey Mike’s Subs?

Just months after making its Canadian debut in Markham, Ontario, Jersey Mike’s Subs is being acquired by private equity firm Blackstone.

According to multiple news outlets, the deal is valued at approximately $8 billion, including debt.

“Jersey Mike’s has grown for more than half a century by maintaining an unrelenting focus on quality (and delicious sandwiches)—consistently building on its loyal customer base as it has scaled nationwide,” Peter Wallace, a senior managing director at Blackstone, said in a news release.

“Blackstone has deep experience helping accelerate the expansion of high-growth franchise businesses and this area is one of our highest-conviction investment themes.”

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The transaction, which is still subject to certain closing conditions, is expected to be completed early next year.

As Jersey Mike’s prepares to join the Blackstone family, here are a few things that non-unionized employees in Canada need to be aware of.

Who pays severance if Blackstone doesn’t keep certain Canadian employees?

In Canada, the “seller” of the business is responsible for providing proper compensation to staff who lose their job.

If Blackstone provides you with an employment offer, and you have a good reason for why you don’t want to accept it (i.e. different hours or...

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