Deal facts
- Buyer
- RaceTrac, Inc
- Target
- Potbelly Sandwich Works, LLC
- Deal value
- USD 17.12
- Announced
- 23 October 2025
- Status
- Completed
- Sector
- Consumer & Retail
- Country
- United States
- Consideration
- cash
Sources
Weekly digest
Join Exit Mode Insider
Ten deal briefs a week, founder commentary, and the patterns worth paying attention to.
Join Exit Mode Insider, £12/moDeal timeline
1 update- CompletedClosed
RaceTrac, Inc completes acquisition of Potbelly Sandwich Works, LLC
Introductory Note As previously disclosed in the Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “ SEC ”) by Potbelly Corporation (the “ Company ”), on September 10, 2025, the Company entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) on September 9, 2025, with RaceTrac, Inc., a Georgia corporation (“ Parent ”), and Hero Sub Inc., a Delaw
Source
Explore
Browse adjacent archives
Jump from this deal into the sector, buyer, deal type, and year views that carry the strongest contextual signal.
Similar deals
Similar deals
Other Consumer & Retail M&A activity tracked by Exit Mode.
Glow Midco, LLC to acquire European Wax Center, Inc.
Glow Midco, LLC and European Wax Center, Inc. entered the Exit Mode archive.
- Buyer
- Glow Midco, LLC
- Target
- European Wax Center, Inc.
- Deal value
- Not disclosed
- Deal type
- going private
Bed Bath & Beyond, Inc to acquire Kirkland's Stores, Inc.
Bed Bath & Beyond, Inc and Kirkland's Stores, Inc. entered the Exit Mode archive.
- Buyer
- Bed Bath & Beyond, Inc
- Target
- Kirkland's Stores, Inc.
- Deal value
- Not disclosed
- Deal type
- going private
Authentic to acquire GUESS INC
Authentic and GUESS INC entered the Exit Mode archive.
- Buyer
- Authentic
- Target
- GUESS INC
- Deal value
- Not disclosed
- Deal type
- going private
Worldwide Sports Group to acquire Big 5 Sporting Goods Corp
Worldwide Sports Group and Big 5 Sporting Goods Corp entered the Exit Mode archive.
- Buyer
- Worldwide Sports Group
- Target
- Big 5 Sporting Goods Corp
- Deal value
- USD 1.45
- Deal type
- going private
ACR Ocean Resources LLC to acquire The ODP Corporation
ACR Ocean Resources LLC and The ODP Corporation entered the Exit Mode archive.
- Buyer
- ACR Ocean Resources LLC
- Target
- The ODP Corporation
- Deal value
- Not disclosed
- Deal type
- going private
Buyer history
RaceTrac, Inc
See every published Exit Mode archive entry where this buyer appears.
View buyer profileMethodology
How this page is built
Layer 1 facts come from source documents, Layer 2 turns those facts into a readable narrative, and Layer 3 only appears where the editorial team flags a founder-relevant deal.
Back to the archive