Captain D’s Seafood Switches Sponsors

Sun Capital Partners has acquired Captain D’s Seafood Kitchen, the nation’s largest casual seafood restauirant chain. The seller was Sagittarius Brands, a portfolio company of Charlesbank Capital Partners. No financial terms were disclosed.


Sun Capital Partners, Inc., a leading private investment firm specializing in leveraged buyouts and investments in market–leading companies, today announced that an affiliate has completed the acquisition of Captain D’s Seafood Kitchen, the second largest casual seafood chain in the United States. Terms of the purchase from Sagittarius Brands, Inc. were not disclosed.

Headquartered in Nashville TN, Captain D’s Seafood Kitchen opened its first restaurant in 1969, originally called Mr. D’s. Since then, Captain D’s has grown to nearly 539 locations across 25 states and a handful of overseas markets, and is the second largest seafood quick service restaurant (QSR) in the United States, with a leading position in core markets throughout Tennessee, Georgia, Alabama, Mississippi and Missouri. Captain D’s features cooked-to-order entrees across all its locations priced from $3.99 to $8.99. In addition to its signature freshly hand-battered fried fish, Captain D’s serves a wide variety of grilled fish, shrimp and chicken dishes, fish sandwiches, regional seafood favorites, as well as a wide variety of side items including corn, baked potato, cole slaw, tossed salads, hushpuppies and southern style green beans.

David Head, President and CEO, of Captain D’s Seafood Kitchen, said, “We are very pleased to join the family of Sun Capital affiliates, a financial sponsor with deep operating experience in quick service and fast casual restaurants. With Sun Capital’s support, we will continue to focus on several key improvement initiatives, while staying true to our overall objective of serving our loyal customers a high quality, cooked-to-order seafood meal at a good value. We look forward to working with the Sun Capital team and benefiting from their deep operating experience in quick service and fast casual restaurants.”

Aaron Wolfe, Principal at Sun Capital Partners, commented, “We are delighted to welcome Captain D’s to our family of restaurant companies, and are eager to begin working with the management team and dedicated associates. We believe there are opportunities to continue to enhance the Captain D’s brand, while concentrating on the core values that the brand has focused on for over 40 years — great, fresh seafood cooked-to-order and served with Southern hospitality.”

In addition to Captain D’s Seafood Kitchen, Sun Capital counts among its affiliated portfolio companies a number of other restaurant businesses, such as Boston Market, Bruegger’s, Fazoli’s Restaurants, Friendly’s, Garden Fresh, Restaurants Unlimited, Smokey Bones Barbeque & Grill and Souper Salad. The firm places strong emphasis on in–house operational expertise, and partners closely with the management teams of its portfolio companies to grow their businesses and improve their operations.

About Captain D’s
Headquartered in Nashville, Tennessee, Captain D’s owns, operates and franchises some 539 restaurants in 25 states, plus military bases around the world. Captain D’s offers its customers great seafood at reasonable prices in a relaxed environment. Captain D’s restaurants serve a widely varied seafood menu that includes freshly prepared entrees, and the company’s signature fried fish which is freshly hand-battered and prepared to order to ensure freshness. The restaurants also offer premium-quality baked or broiled fish, as well as shrimp, chicken, an expanded selection of home-style side dishes, hushpuppies, desserts and freshly brewed, southern style sweet tea, a Captain D’s favorite. Please visit

About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 220 companies worldwide with combined sales in excess of $40 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Paris, Frankfurt, Shanghai and Shenzhen. For more information, please visit