Jack in the Box has completed the sale of Qdoba to Apollo Global Management in a $305 million cash deal, ending the burger chain’s 15-year ownership of the fast-casual Mexican brand. Jack in the Box Inc. (NASDAQ: JACK) (the “Company”) today announced that it has completed the sale of Qdoba Restaurant Corporation (“Qdoba”) to an aff Jack in the Box acquired Qdoba in 2003, when it had had 85 locations in 16 states, with $65 million in system-wide sales. Jack in the Box sold Qdoba to an affiliate of certain funds, managed by the affiliates of Apollo for roughly $305 million in cash. Hey Jack Fans! About Us. Jack in the Box is among the nation’s leading fast-food hamburger chains, with more than 2,200 quick-serve restaurants in 21 states and Guam. After spending 15 years as a wholly owned subsidiary of Jack in the Box , the company was sold to a consortium of funds led by … At the time, there were 85 locations in 16 states. Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box ® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam. Qdoba Mexican Eats (/ k j uː ˈ d oʊ b ə / kew-DOH-bə) is a chain of fast casual restaurants in the United States and Canada serving Mexican-style cuisine. Jack in the Box (JACK) will sell its Mexican chain to Apollo Global Management (APO), as buyouts continue to shake up the restaurant industry. 400th Qdoba opened, in Boise, Idaho. Qdoba operates and franchises some 700 Qdoba Mexican Eats restaurants. Jack in the Box stock rose 2.4% Tuesday morning on news the firm will sell its Qdoba chain for $305 million to a private equity firm. So I think it's a better business model to focus on the franchise Jack in the Box restaurants, get rid of Qdoba, take the cash. Jack in the Box restaurants introduced the 100% Sirloin Burger, the only 100% sirloin burger offered by a major quick-serve chain. More than 700-unit Qdoba is being sold to Apollo Global Management, LLC, for about $305 million in cash, Jack in the Box announced Tuesday.Qdoba is a subsidiary of Jack in the Box, which has owned the fast casual Mexican chain for 14 years, and has grown it by more than 600 units to the 47-state, $800 million system it is today. Jack in the Box stock rose 2.4% in early Tuesday trading on news the company will sell fast casual Mexican chain Qdoba, a Chipotle competitor, to private equity firm Apollo Global Management for about $305 million in cash. Qdoba was one of those alternatives, and a big part of any investment thesis for Jack in the Box. The companies set a … Jack In The Box Sells Qdoba In Hot Year For Restaurant Mergers. Apollo Global Management is nearing a $300 million deal to acquire Qdoba Mexican Eats from Jack in the Box, Reuters reported Wednesday, citing … When Jack in the Box first purchased the Qdoba brand in 2003, it had only 85 locations. X Jack in the Box said Tuesday that it agreed to sell Qdoba for $305 million in cash. Founded in 1951, Jack in the Box Inc. is a restaurant company that operates and franchises Jack in the Box® restaurants. 2008 Jack in the Box Inc. transferred the listing of its common stock to the Nasdaq Global Select Market (NASDAQ) and changed its ticker symbol to … Founded in 1951, Jack in the Box Inc. is a restaurant company that operates and franchises Jack in the Box® restaurants. Jack in the Box, the nation’s fourth-largest-selling hamburger chain, paid $45 million to acquire Denver-based Qdoba Restaurant Corp. from ACI … Qdoba Mexican Eats and Jack in the Box, part of the same parent company, joined a long line of food giants in announcing new animal welfare standards this week. Hey Jack Fans! Jack in the Box finally sold Qdoba, its secondary, burrito concept that it has owned for more than 14 years, for $305 million earlier this week. 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