facebook pixal

Checkers-Rally's sold for $525M

checkers exterior close

The private equity firm Oak Hill Capital has teamed up with the management of the Checkers and Rally’s drive-thru chains to buy the twin concepts for $525 million from another investment firm, Sentinel Capital.

Oak Hill’s past investments have included Dave & Buster’s and Burger King.

A sale of Checkers Drive-In Restaurants, the parent of the dual drive-thru chains, has been expected for weeks. The two chains consist of about 840 restaurants, most of which are franchised.

The announcement suggested that Checkers Drive-In CEO and president Rick Silva will remain in his posts.

Want breaking news at your fingertips?

Get today’s need-to-know restaurant industry intelligence. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand.


More from our partners