Centre Partners has acquired Captain D's Seafood and affiliated entities ("Captain D's" or "the Company"). This is Centre Partners' second move in partnering with Captain D's and its Chief Executive Officer Phil Greifeld, confirmed a press release. Moreover, Sentinel Capital Partners announced the sale of its portfolio company.
Captain D's was founded in 1969 and headquartered in Nashville, Tennessee. It serves a wide variety of fish and seafood. Including freshly prepared entrees, and the company's signature hand-battered fish fillets prepared to order. Captain D's system includes 545 restaurants.
Firstly, Bruce Pollack, Managing Partner of Centre Partners, said; "With its differentiated menu of craveable seafood, Captain D's provides a unique value proposition to its customers. We look forward to supporting Phil and the team as they seek to significantly expand the business."
On the other side, Phil Greifeld, Captain D's CEO added: "I am enormously proud of what Captain D's has accomplished during our partnership with Sentinel. We successfully navigated the pandemic, improved franchisee profitability, brought Captain D's to several new states, and positioned the brand for continued growth. Sentinel was a great partner."
Sentinel Capital Partners specializes in buying and building midmarket businesses in the United States and Canada in partnership with management. It targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses.
Also, the company invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Besides, it participates in special situations, including balance sheet restructurings, operational turnarounds, and minority junior capital solutions.
