Jersey Mike’s is majority-owned by the private equity firm Blackstone, while founder and longtime CEO Peter Cancro still retains a meaningful minority stake and continues to run the company.

Current ownership

  • Blackstone holds a majority ownership interest in Jersey Mike’s after a multibillion‑dollar deal announced in late 2024 and finalized in early 2025.
  • Peter Cancro, who bought the original Mike’s Subs shop as a teenager in the 1970s, keeps a significant equity stake and remains CEO and board chair.

What the deal means

  • The investment valued Jersey Mike’s at around 8 billion dollars and is aimed at accelerating growth, technology upgrades, and expansion in and outside the U.S.
  • Under Blackstone’s majority ownership, the brand has been positioning for more aggressive franchising and high‑profile partnerships, while still presenting Cancro as the guiding founder figure.

TL;DR: If you are asking “who owns Jersey Mike’s” today, the controlling owner is Blackstone, with founder Peter Cancro still a major minority owner and active leader.

Information gathered from public forums or data available on the internet and portrayed here.