RaceTrac Buys Potbelly: A $566 Million Sandwich Deal
Update: 2025-09-10
Description
RaceTrac is acquiring Potbelly for $566 million in an all-cash deal that will keep both brands separate but aims to expand Potbelly's footprint from 445 to 2,000 locations nationwide; the acquisition, expected to close in Q4, gives Potbelly a growth boost while diversifying RaceTrac beyond convenience stores and gas.
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