Sentinel Capital Partners has agreed to acquire Tampa Bay-based Checkers Drive-In Restaurants, Inc., which operates and franchises about 800 restaurants. Wellspring Capital Partners is selling the company. Wellspring put Checkers up for sale in 2012 after acquiring the business in 2006.
Checkers Drive-In Restaurants, Inc., which operates and franchises approximately 800 Checkers® and Rally’s® restaurants, today announced that its private equity ownership group, Wellspring Capital Management, entered into an agreement to sell the Company to Sentinel Capital Partners.
Terms of the stock purchase agreement are confidential.