Sentinel Capital Partners sells Captain D’s

Experienced QSR investor exits another successful investment

NEW YORK, May 23, 2022 /PRNewswire/ — Sentinel Capital Partners, a private equity firm that invests in promising middle-market companies, today announced the sale of holding company Captain D’s, the leading quick-service restaurant brand (QSR ) seafood. Financial terms of the deal were not disclosed.

Founded in 1969 and based in Nashville, TN, Captain D’s offers its customers excellent seafood at reasonable prices in a warm and inviting atmosphere. Captain D’s serves a wide variety of fish and seafood, including freshly prepared appetizers and the company’s hand-breaded, made-to-order fish fillets. The restaurants also offer grilled fish, shrimp, premium chicken, an expanded selection of homemade side dishes, puppies, desserts, and freshly brewed Southern-style sweet tea. The Captain D’s system includes 545 restaurants, including 253 franchised and 292 company-owned locations in the Southeast and Midwest.

“Captain D’s has a world-class management team and culture that puts its guests and team members first,” said Sentinel Partner Michael Fabian. “Captain D’s is by far the leading brand in the seafood category. We were fortunate to partner with Phil Greifeld and the rest of Captain D’s team, and we wish them well.”

“I’m extremely proud of what Captain D’s has accomplished during our partnership with Sentinel,” says Phil Greifeld, CEO of Captain D. “We have been successful in weathering the pandemic, improving franchisee profitability, bringing Captain D’s to several new states, and positioning the brand for continued growth. Sentinel was a great partner.

Sentinel is one of the industry’s most experienced private equity investors in food franchisors and operators in the United States. Sentinel’s previous investments in the sector include Fazoli’s (casual fast Italian), Ladies Drive-in Restaurants (QSR burger), Newk’s Eatery (quick casual sandwiches) and Huddle House (family restaurant). The company also has considerable expertise in successfully investing in restaurant franchises, including Church’s Chicken (Falcon Holdings), Pizza Hut (American West Restaurant Group) and Taco Bell (Border Foods).

About Sentinel Capital Partners
Sentinel specializes in buying and building medium-sized businesses in United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, retail, food and restaurant, franchise, healthcare and industrial companies. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions and structured equity investments of established businesses with an EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet restructurings, operational turnarounds and minority junior capital solutions. For more information about Sentinel, visit www.sentinelpartners.com.

Contact: Roland Tomforde
Broadgate Consultants
212-232-2222

SOURCE Sentinel Capital Partners

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