Center Partners acquires Captain D’s
Private equity firm Center Partners has again completed its acquisition of Captain D’s seafood, the company announced on Monday.
The terms of the contract are not disclosed. Center Partners, based in New York, had sold the Nashville, Tennessee-based brand to Sentinel Capital Partners in 2017.
Captain D’s, founded in 1969, has more than 500 seafood-focused quick-service restaurants across the United States.
Center Partners said it is teaming up with Phil Greifeld, CEO of Captain D, to buy the chain. He originally acquired the brand in 2013.
“Captain D’s management team has invested alongside Center Partners and will continue in their current roles,” the company said Monday.
Bruce Pollack, Managing Partner of Center Partners, said in a statement: “We are delighted to have the opportunity to once again partner with Phil Greifeld and this experienced management team. With his differentiated menu of mouth-watering seafood , Captain D’s offers a unique value proposition to its customers.”
Greifeld added, “We are proud to welcome the center partners back to the business and to continue our story of growth with their support. … We continue to improve the guest experience with new menu offerings; streamlined digital, drive-thru and delivery options; and an expanding geographic footprint. We are excited to leverage these initiatives with center partners.”
Captain D’s owns, operates, and franchises restaurants that focus on affordable seafood, and the menu features fish, shrimp, and chicken along with Southern-style hushpuppies, desserts, and sweet tea.
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