In a major move that signals both confidence and ambition, Dave’s Hot Chicken has been acquired for $1 billion by Roark Capital, the same private equity powerhouse behind Subway and Dunkin’. This milestone marks the latest chapter in one of the most impressive fast-casual success stories in modern restaurant history.

Roark Capital, a private equity firm that also owns Subway, has acquired a majority stake in Dave's Hot Chicken for about $1 billion.

The chain of nearly 400 restaurants immediately captured a young, spice-loving clientele for Nashville hot chicken in seven heat levels.