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Patrick Meyers Shares Thoughts on Private Equity Environment

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Total Case Duration :

  • Date Added : 4/17/2008
  • Clip Duration : 1 min. 8 sec.

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Patrick Meyers

  • Chief legal officer, Quiznos
  • male
  • Caucasian
  • Not Available
  • Patrick Meyers - Lecture - Quiznos
  • Video 1 of 14 in this Case
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Biography

Patrick Meyers is the chief legal officer and managing director for Cervantes Capital, parent company of Quiznos.

Meyers is a founder of Quiznos, the second-largest sandwich chain in the United States. Launched in Denver during the early 1980s, Quiznos grew from 18 units in 1990 to 40 in 1993, when the company went public. Quiznos' founders took the company private in 2001 at 1,400 units, and it has since grown to over 5,000 restaurants in the U.S., Canada, and other countries. The chain is all franchised, with the majority of franchisees being single-unit owner-operators.

Meyers has helped drive Quiznos' growth through his service in a range of leadership positions. At various times since its founding, he has led the company's Finance, Information Technology, Human Resources and Law functions. He is also a member of the Board of Directors.

Under Meyers' lead, Quiznos has earned tremendous recognition for its growth and innovation. For five years in a row, Nation's Restaurant News has ranked Quiznos as the top restaurant chain in growth in number of units. In the Mystery Shopping Providers Association's 2007 Wait Time Study, Quiznos led the quick-service restaurant industry in wait time performance. And in a recent Zagat's restaurant study, Quiznos ranked in the top five in food, facilities, service and overall quality.

Meyers joined the company in 1997. Previously, he had been an associate with the Denver law firm of Moye , Giles , O'Keefe , Vermeire & Gorrell since September 1991 , and was selected as a partner of that firm in 1996. Before that he served as a judicial law clerk to a Justice of the Colorado Supreme Court from July 1990 to September 1991.

Meyers spoke on Thursday, April 17th in the "Conversations with Entrepreneurs" series at the Cornell School of Hotel Administration which was presented by the school's Leland C. and Mary M. Pillsbury Institute for Hospitality Entrepreneurship.

Patrick Meyers received his undergraduate degree from the University of Colorado-Denver and his law degree from the University of California, Hastings Collee of Law.

I think it's worked well. They're a very good partner and one of the things we struggled with is do we sell them a majority or minority piece and we decided to keep control of the company and sell them a minority piece, obviously significant 49%. That does help to keep a partnership relationship g...(Full transcript available to logged in subscribers.).

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Patrick Meyers videos

Video 1 of 14 Patrick Meyers Discusses Decision to Go To College And Relationship That Eventually Led Him To Quiznos
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 1 min. 41 sec.
Video 2 of 14 Patrick Meyers Discusses Decision To Go To Law School
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 1 min. 42 sec.
Video 3 of 14 Patrick Meyers Discusses How He Began Providing Legal Advice To Quiznos
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 1 min. 44 sec.
Video 4 of 14 Patrick Meyers Discusses Quiznos Going Public And Decision To Join The Company
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 2 min. 21 sec.
Video 5 of 14 Patrick Meyers States He Followed What Interested Him - Not Where He Thought He Would Make Money
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 2 min. 43 sec.
Video 6 of 14 Patrick Meyers States Entrepreneurial Journey Has Been Personally Fulfilling
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 0 min. 54 sec.
Video 7 of 14 Patrick Meyers Discusses Transition From Public To Private
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 4 min. 47 sec.
Video 8 of 14 Patrick Meyers Shares Thoughts on Private Equity Environment
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 1 min. 8 sec.
Video 9 of 14 Patrick Meyers Discusses Business Challenges He Has Faced While With Quiznos
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 4 min. 11 sec.
Video 10 of 14 Patrick Meyers Discusses Sales and Marketing Strategies At Quiznos
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 2 min. 28 sec.
Video 11 of 14 Patrick Meyers Discusses Franchising and Managing Growth
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 2 min. 47 sec.
Video 12 of 14 Patrick Meyers States Entrepreneurs Feel They Can Control Their Own Destiny
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 2 min. 8 sec.
Video 13 of 14 Patrick Meyers Discusses Differences Between Law School and MBA
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 2 min. 49 sec.
Video 14 of 14 Patrick Meyers Discusses Challenges Quiznos Faces In International Growth
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 2 min. 28 sec.

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Patrick Meyers Shares Thoughts on Private Equity Environment
  • Patrick Meyers - Lecture - Quiznos
  • 4/17/2008
  • Patrick Meyers
  • 1 min. 8 sec.