Jimmy John Liautaud

Jimmy John Liautaud, the visionary force behind the success of his Gourmet Sandwiches, is equally renowned for his commitment to philanthropy. Alongside his wife Leslie and their children, he established the Liautaud Family Foundation in 2017.

 

He is dedicated to a wide range of charitable endeavors, having provided significant financial support to various organizations, including the Mayo Clinic, Lurie Children's Hospital of Chicago, the American Heart Association, Frances Nelson SmileHealthy dental clinic, Crisis Nursery, Camp Southern Ground, and the Champaign County Youth Assessment Center.

 

One cause that holds a special place in the hearts of his family is the Horatio Alger Association, which grants scholarships to high school students who have triumphed over substantial obstacles.

 

In the realm of business, Jimmy John's journey took an intriguing turn in 2007 when, with a keen eye for growth, he partnered with investor Weston Presidio. This collaboration propelled his sandwich business from a $300 million enterprise to a remarkable $2.5 billion in sales by 2014.

 

Amidst speculations about taking his company public in 2014, he was inundated with offers and options. He diligently explored these opportunities, engaging with respected private equity firms. Ultimately, it was a longtime acquaintance, Neil Aronson, Managing Director at Roark Capital, who caught his attention. Recognized for its acquisition of 64 franchise and multi-unit brands, including Arby's, Corner Bakery, and Cinnabon, Roark Capital had a wealth of experience in the food and beverage sector. They pledged their support in shaping both micro and macro strategies, allowing him to maintain his distinct identity.

 

After two years of getting to know the Roark team, he made the strategic decision to sell a majority of his company shares to Roark Capital in 2016 while retaining a 35% ownership stake. He continued to serve as the Chairman and the largest individual shareholder, ensuring the continuity of the management structure. James North assumed the role of CEO and President.

 

In 2019, Jimmy John's founder seamlessly integrated his remaining stake in his with Inspire Brands. While he still holds shares in Inspire Brands, his primary focus has shifted towards the noble work of his Foundation and the family's investment endeavors, marking a new chapter in his remarkable journey.