News
Sagittarius Brands finalizes Del Taco buy
March 29, 2006
NASHVILLE — Sagittarius Brands, the Nashville-based parent company for Captain D's Seafood, completed the purchase of Del Taco. The company announced franchise veteran C. Ronald Petty will lead Sagittarius Brands in all its new-store development activities.
Private equity investors in the acquisition are Grotech Capital, Charles Bank Capital Partners and Leonard Green & Partners LP and Stockwell Capital.
Feltenstein and Powell said the transaction will give Sagittarius Brands more than 1,000 units across the United States and system-wide sales in excess of $1-billion annually.
Feltenstein also announced that Petty has been appointed to lead franchising, construction, real estate and co-branding for Sagittarius Brands.
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