Rice Equity Group Enters Florida with Multi-Unit Subway® Acquisition, Expanding Portfolio Across Four States and Two Time Zones

MIAMI, Fla. — Rice Equity Group today announced the acquisition of a multi-unit portfolio of Subway® restaurants in the Miami metropolitan area, marking the company’s official entrance into the Florida market and a significant milestone in its national expansion strategy. The acquisition extends Rice Equity Group’s Subway portfolio across four states and two time zones, further strengthening the company’s position as a rapidly growing multi-unit franchise operator.

The Florida acquisition represents one of the company’s most strategic expansions to date, establishing a presence in one of the nation’s most dynamic and diverse restaurant markets while creating a platform for continued growth throughout the Southeast. The newly acquired restaurants will be integrated into Rice Equity Group’s operational platform under the leadership of Ryan Burtman, Vice President of Operations – Subway Division.

“Expanding into Florida is a defining moment for Rice Equity Group,” said TJ Rice, Chief Executive Officer of Rice Equity Group. “This acquisition represents far more than adding restaurants to our portfolio—it demonstrates the scalability of our operating platform and the strength of our leadership team. Growing our Subway portfolio across four states and two time zones reflects our confidence in our people, our systems, and our long-term vision.”

Rice Equity Group’s growth strategy focuses on acquiring well-positioned restaurant businesses in attractive markets while investing in operational excellence, leadership development, and employee success. The Miami acquisition further diversifies the company’s geographic footprint and positions the organization for additional expansion opportunities throughout the Southeast.

“Our commitment remains the same regardless of geography,” Rice added. “Every acquisition begins with our people. We are committed to supporting our employees with the resources they need to grow their careers while continuing to provide every guest with an exceptional restaurant experience. We are excited to become part of the South Florida business community and look forward to building lasting relationships with our employees, guests, and local partners.”