New Owners For Quiznos
Quiznos is being acquired by High Bluff Capital Partners. The San Diego-based private investment firm bought the Denver chain from parent company QCE LLC and its subsidiaries for an undisclosed amount. Quiznos has about 800 units, including the original restaurant in Denver, and the new owner said it has no plans to move the chain's headquarters. Susan Lintonsmith, who has led the brand for the past two years, will stay on as president and CEO.
“Quiznos is an iconic brand with strong awareness and attractive upside in the sandwich segment,” said Gerry Lopez, High Bluff operating partner and executive chairman, in a statement announcing the acquisition. “We have the commitment, industry knowledge and flexible capital to build on recent successes and drive future, sustainable growth.”
Founded in 1981, Quiznos had 5,000 locations at its peak, but after wrangling with franchisees over legal issues including its purchasing policies and emerging from bankruptcy in 2014, now numbers about 800 units. Many are located in 32 countries outside the United States.