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Centre Partners Sells Captain D’s

New York, December 18, 2017 – Centre Partners, a leading middle market private equity firm with offices in New York and Los Angeles, today announced that it 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 503 restaurants, including 227 franchised and 303 company-owned locations in 21 U.S. states, with established strongholds in the American Southeast and Midwest.

Bruce Pollack, a Managing Partner of Centre Partners, stated, “We are very proud of our successful investment in Captain D’s. 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.”

Captain D’s CEO, Phil Greifeld, commented, “Centre Partners recognized an attractive opportunity to acquire a differentiated, seafood-themed concept in the QSR segment of the restaurant industry. During the past four years, Centre Partners provided expertise and resources that were instrumental in achieving our shared objectives. We are grateful for the support of the Centre Partners team as we move on to another exciting chapter.”

About Centre Partners
Founded in 1986, Centre Partners is a leading middle-market private equity firm focusing on the consumer and healthcare sectors, with offices in New York and Los Angeles. Centre has invested over $2 billion of equity capital in more than 75 transactions since its inception. Centre seeks to partner with founders and management teams to build exceptional businesses. Centre Partners provides management teams access to its unique resources, which includes an extended network of experienced and proven operating executives. Additional information is available at www.centrepartners.com.

About Captain D’s
Headquartered in Nashville, Tennessee, Captain D’s has 529 restaurants in 21 states. Captain D’s is the nation’s leading fast casual seafood restaurant and was named the #1 seafood chain in the QSR 50, ranked by AUV. Founded in 1969, Captain D’s has been offering its customers high-quality seafood at reasonable prices in a welcoming atmosphere for more than 48 years. Captain D’s serves a wide variety of seafood that includes freshly prepared entrees and the company’s signature hand-battered fish, which is cooked to order. The restaurants also offer premium-quality, grilled items such as shrimp, and surf and turf, as well as hushpuppies, desserts and freshly brewed, Southern-style sweet tea, a Captain D’s favorite. For more information, please visit www.captainds.com.

Contact:
Mark Semer or Peter Hill
Kekst
(212) 521-4800
mark.semer@kekst.com or peter.hill@kekst.com