NEW YORK — Middle market private equity firm Centre Partners has re-acquired Captain D’s Seafood, a Nashville, Tenn.-based operator of more than 500 seafood-focused quick-service restaurants, from Sentinel Capital Partners. Financial terms of the transaction were not disclosed.
Centre Partners previously owned Captain D’s between 2013 and 2017.
“We are excited to have the opportunity to partner with Phil Greifeld (chief executive officer of Captain D’s) and this experienced executive team once again,” said Bruce Pollack, managing partner of Centre Partners. “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.”
Mr. Greifield added, “We are proud to welcome Centre Partners back to the company and continue our growth story with their support. Their deep understanding of our business makes them an ideal partner for our next phase of growth. We continue to improve the customer experience with new menu offerings; streamlined digital, drive-thru and delivery options; and an expanding geographic footprint. We are excited to build upon these initiatives with Centre Partners.”
Founded in 1986, Centre Partners has more than $2.5 billion of equity capital invested in more than 80 transactions. The company’s current investments include Sabrosura Foods, a provider of branded and private label Hispanic foods, and Golding Farms Foods, a maker of private label, branded and co-packed sauces and condiments. Past investments include Bellisio Foods, Bumble Bee Foods and The Johnny Rockets Group.