In a deal that will take a publicly traded foodservice concept private, Focus Brands Inc. will acquire Jamba Juice for $200 million in cash. Focus is owned by Roark Capital, a private equity firm that owns a variety of restaurant chains.

Following the close of the transaction, Jamba will become a privately-held subsidiary of FBI and will continue to operate as an independent brand The deal is expected to close during the third quarter of 2018 and is subject to customary closing conditions.