Yukon backs Centre Partners’ Captain D’s acquisition

Yukon Partners is providing financing to back Centre Partners' acquisition of Captain D's, a Nashville-based seafood chain

Yukon Partners is providing financing to back Centre Partners’ acquisition of Captain D’s, a Nashville-based seafood chain. No financial terms were disclosed.


MINNEAPOLIS–(BUSINESS WIRE)–Yukon Partners (“Yukon”), a provider of mezzanine capital for middle market private equity transactions, is pleased to announce it has partnered with Centre Partners (“Centre”) to support the acquisition of Captain D’s Seafood and affiliated entities (“Captain D’s” or the “Company”). Onex Falcon and Yukon provided a flexible junior capital solution to help finance the acquisition.

Founded in 1969 and based in Nashville, Tennessee, Captain D’s operates a premier national chain of more than 500 seafood-focused quick service restaurants across the United States. Throughout its history, Captain D’s has provided high-quality, made-to-order seafood at affordable prices.

The transaction represents Centre Partners’ second time partnering with Captain D’s and its Chief Executive Officer Phil Greifeld. Centre Partners previously acquired Captain D’s in 2013 and exited the business in 2017. The Captain D’s management team has invested alongside Centre Partners and will continue to serve in their current roles.

“We are pleased to be partnering with Centre and the Company’s management team,” said David Sampair, Principal of Yukon. “Captain D’s value proposition provides many growth opportunities and we are excited to be a part of it.”

Bruce Pollack, Managing Partner of Centre Partners, said, “We are excited to have the opportunity to partner with Phil Greifeld and this experienced executive team once again. 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”. He added, “We are delighted to once again work with Yukon in another great partnership. This investment will continue our excellent track record of collaboration.”

Dorsey & Whitney LLP provided legal counsel to Yukon.

About Captain D’s
Headquartered in Nashville, Tennessee, Captain D’s owns, operates and franchises more than 500 coastal-themed restaurants across the United States. Founded in 1969, Captain D’s has offered freshly-prepared seafood at an affordable price point for more than 50 years. Captain D’s serves a seafood-focused menu that includes the Company’s signature hand-battered fish, which is cooked to order. The widely varied menu also includes premium-quality, grilled menu items, including shrimp and chicken, 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.