Acquisition History / RaceTrac, Inc. / Potbelly Corporation
RaceTrac, Inc. Acquires Potbelly Corporation
Announced September 10, 2025 — $566M
What happened
Potbelly, a neighborhood sandwich shop concept, agreed on September 10, 2025 to be acquired by privately held convenience retailer RaceTrac via a tender offer at $17.12 per share, a transaction of approximately $566M.
- Acquirer
- RaceTrac, Inc.
- Target
- Potbelly Corporation
- Announced
- September 10, 2025
- Price
- $566M
- Industry
- Sandwich restaurant chain
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did RaceTrac, Inc. acquire Potbelly Corporation?
RaceTrac, Inc. acquired Potbelly Corporation on September 10, 2025. This was RaceTrac, Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did RaceTrac, Inc. pay for Potbelly Corporation?
RaceTrac, Inc. paid $566M for Potbelly Corporation.
What does Potbelly Corporation do?
Potbelly, a neighborhood sandwich shop concept, agreed on September 10, 2025 to be acquired by privately held convenience retailer RaceTrac via a tender offer at $17.12 per share, a transaction of approximately $566M.
What other Sandwich restaurant chain companies has RaceTrac, Inc. acquired?
Potbelly Corporation is RaceTrac, Inc.'s only publicly tracked acquisition in Sandwich restaurant chain so far.