New York City — Centre Partners, a leading middle market private equity firm with offices in New York and Los Angeles, has sold its portfolio company Captain D’s. Financial terms of the transaction were not disclosed.
Captain D’s is the nation’s leading seafood-themed operator in the quick-service restaurant (QSR) sector. The Captain D’s system consists of 530 restaurants, including 227 franchised and 303 company-owned locations in 21 U.S. states, with established strongholds in the American Southeast and Midwest.
“We are very proud of our successful investment in Captain D’s,” says Bruce Pollack, a managing partner of Centre Partners. “Through our partnership with Phil Greifeld and his management team, we revitalized the Captain D’s brand, accelerated growth through new unit openings and improved performance through best-in-class execution. Captain D’s is well positioned for continued growth and we wish the team every success under new ownership.”
“During the past 4 years, Centre Partners provided expertise and resources that were instrumental in achieving our shared objectives,” says Phil Greifeld, CEO of Captain D’s. “We are grateful for the support of the Centre Partners team as we move on to another exciting chapter.”
Founded in 1986, Centre Partners has invested over $2 billion of equity capital in more than 75 transactions since its inception. For more information, visit www.centrepartners.com.
Headquartered in Nashville, Tenn., Captain D’s has 529 restaurants in 21 states. For more information, visit www.captainds.com.
SOURCE: Centre Partners