Firehouse Subs co-founders Robin Sorensen, left, and Chris Sorensen, right, with Jose Cil, CEO of Restaurant Brands International Inc. RBI agreed to buy Firehouse for $1 billion. But the company found it was reaching its capacity with resources. “We needed somebody with much larger resources than we have,” he said.
Who owns Firehouse Subs now?
The Jacksonville, Florida-based sandwich chain announced Monday that it has reached an agreement to be acquired by Restaurant Brands International. Under the terms of the deal, Restaurant Brands International will acquire Firehouse Subs for $10 billion in cash.