Rice Equity Group Expands Midwest Presence with Acquisition of Nine Subway® Restaurants in the Minneapolis Market

MINNEAPOLIS, Minn. — Rice Equity Group today announced the acquisition of nine Subway® restaurants serving the Minneapolis, Minnesota market, marking another significant milestone in the company’s strategic expansion within the quick-service restaurant industry. The newly acquired restaurants will be led by Vice President of Operations for Subway, Ryan Burtman, who will oversee day-to-day operations, team development, and continued operational excellence throughout the market.

The acquisition reflects Rice Equity Group’s long-term growth strategy of acquiring well-positioned restaurant businesses in strong communities while investing in people, operational efficiency, and exceptional guest experiences. The Minneapolis market represents an important addition to the company’s expanding restaurant portfolio.

“This acquisition represents another exciting step forward for Rice Equity Group as we continue building a best-in-class restaurant organization,” said TJ Rice, Chief Executive Officer of Rice Equity Group. “We are thrilled to welcome these restaurants and their dedicated team members into our organization. Ryan Burtman has consistently demonstrated exceptional leadership, and I have complete confidence in his ability to lead this market while continuing to deliver outstanding service to our guests.”

Under Burtman’s leadership, the company will focus on strengthening restaurant performance through employee development, operational consistency, community engagement, and an unwavering commitment to delivering a high-quality guest experience.

“Our people are the foundation of everything we do,” Rice added. “As we grow, our commitment remains unchanged—to create opportunities for our employees to build rewarding careers while ensuring every guest receives exceptional food, service, and hospitality every time they visit one of our restaurants.”