The Atlanta private equity firm that purchased Miami-based Subway last year is reportedly nearing its next big restaurant industry acquisition.

Dave's Hot Chicken operates more than 250 locations worldwide, with $1bn in annual sales. Its competitors include Yum! Brands' KFC chain, Restaurant Brands' Popeye's and Chick-fil

Private-equity firm Roark Capital is in advanced talks to acquire Dave’s Hot Chicken for roughly $1 billion, according to people familiar with the matter. A deal could be announced soon, granted the talks don’t hit any snags,

One of the biggest names to come out of the Nashville-style hot chicken trend of the past decade actually started in a California parking lot. Now, the 8-year-old fast food chain is parlaying its early business acumen into a brand deal that could be worth a staggering $1 billion.

Dave’s Hot Chicken is reportedly close to being acquired by private equity firm Roark Capital for $1 billion, according to the Wall Street Journal. Sources told the publication that a deal “could be announced soon” if there are no hurdles.

Jackson, former California first lady Maria Shriver, Boston Red Sox Chairman Tom Werner, and rapper Drake, and it consistently placed among the best hot chicken restaurants ( we ranked it #2 in L.A.) and among the most successful franchises.

Roark Capital Group is in advanced talks to buy Los Angeles-based restaurant chain Dave's Hot Chicken, according to a Wall Street Journal report citing anonymous sources. The deal could be announced soon and would be worth roughly $1 billion, per the report.

The company expects the channel, offered via ezCater, to make up as much as 10% of its business within a year.

Dave’s Hot Chicken, which started as a humble street-food stand in East Hollywood turned celebrity-backed industry giant, could soon become a 10-figure company. According to a recent report from the Wall Street Journal,