Foodservice Equipment Reports
Chains Late Breaking News News

Apollo Buys Qdoba In $305M Cash Deal


Qdoba, the fast-casual Mexican chain owned by Jack in the Box since 2003, has been sold to Apollo Global Management for about $305 million in cash. The transaction, announced December 19, is expected to close by April 2018.

Over its 14 years owning the brand, San Diego-based Jack in the Box grew Qdoba into the nation’s second-largest fast-casual Mexican chain, trailing only Chipotle. It expanded Qdoba from 85 locations in 16 states to more than 700 stores in 47 states and increased systemwide sales from $65 million to more than $820 million this year. About 88% of Jack’s self-named locations are franchised, compared with 47% of Qdoba locations.

New York-based Apollo also owns Irving, Texas-based CEC Entertainment, parent to the Chuck E. Cheese’s and Peter Piper Pizza dining-arcade brands.

Related Articles

Qdoba Moves Into Canada, Plans Up To 85 North American Openings

New Owners For Chuck E. Cheese (Maybe)

NLRB Rules Against Jack In The Box

Coronavirus Updates

Coronavirus Updates