Captain D's under new ownership
Sentinel Capital Partners has acquired Captain D's, a franchisor and operator of 530 Captain D's restaurants in 21 U.S. states. Terms of the transaction were not disclosed, according to a company press release.
"Captain D's holds a unique market position and was recently recognized as one of the top 10 brands in America for consumer loyalty," John McCormack, a Sentinel senior partner, said in the release. "Captain D's continues to attract younger guests and is the clear category leader. Moreover, its same-store-sales growth over the past decade is in the very top QSR tier regardless of category."
Captain D's CEO Phil Greifeld, a 22-year QSR industry veteran who has led Captain D's for the past seven years, said Sentinel's experience in the restaurant franchising sector makes it an ideal partner.
"We see significant opportunities to grow inside our existing footprint as well as into new regions," he said. "Our brand has never been stronger."
Besides Captain D's, Sentinel has made eight other restaurant franchise investments, including Border Foods, a QSR franchisee in the Taco Bell system; Checkers/Rally's, the largest franchisor and operator of dual drive-thru hamburger QSRs in the U.S.; Falcon Holdings, one of the largest QSR franchisees of Church's Chicken restaurants; Fazoli's Group, a franchisor and operator of Italian fast casual restaurants; Huddle House, a leading franchisor of family dining restaurants; Newk's Eatery, Southern California Pizza Company, the largest Pizza Hut QSR franchisee in the greater Los Angeles market; and TGI Friday's.
Topics: Franchising & Growth