Dave’s Hot Chicken Nears $1 Billion Sale to Roark Capital
Los Angeles, CA – Fast-food giant-in-the-making Dave’s Hot Chicken is reportedly on the verge of a $1 billion sale to private equity powerhouse Roark Capital.
Founded as a humble pop-up stand in East Hollywood in 2017, the Pasadena-based chain has now grown to over 270 locations worldwide. If the sale goes through, Dave’s Hot Chicken will join fast-food giants like Arby’s, Buffalo Wild Wings, and Subway, all part of Roark’s extensive portfolio.
The Success Story of Dave’s Hot Chicken
With its simple yet wildly popular menu and Nashville-style hot chicken, Dave’s Hot Chicken has taken the fast-casual dining world by storm. Its explosive growth has been fueled by A-list celebrity endorsements, including Drake and Samuel L. Jackson, along with aggressive expansion into North America, the UK, and the Middle East.
Currently, California accounts for about 25% of its total locations, with even bigger expansion plans under new ownership.
What the $1 Billion Sale Means for Dave’s Hot Chicken
If this billion-dollar deal is finalized, the brand will gain access to Roark Capital’s vast resources and expertise, allowing it to:
✅ Expand into new international markets
✅ Streamline supply chain operations
✅ Enhance brand marketing and digital presence
✅ Compete with top-tier fast-food chains
Roark Capital, which acquired Subway for $9 billion in 2023, is expected to apply similar strategies to propel Dave’s Hot Chicken into an even bigger global powerhouse.
Dave’s Hot Chicken’s Global Reach
Since its 2017 debut, Dave’s Hot Chicken has expanded to locations in:
🌎 United States & Canada
🇬🇧 United Kingdom
🇶🇦 Qatar
🇸🇦 Saudi Arabia
🇦🇪 United Arab Emirates
With the Roark Capital acquisition on the horizon, even more international growth is expected as hot chicken fever spreads worldwide.
Final Thoughts
With strong financial backing, rapid expansion, and a dedicated fanbase, Dave’s Hot Chicken is poised to go from a cult favorite to a dominant force in the fast-food industry.
As Roark Capital inches closer to sealing the $1 billion deal, all eyes are on the future of this celebrity-loved chicken chain.
