Centre Partners acquires Captain D’s Seafood for second time

Seafood chain franchises, operates 500 units with room to grow

Centre Partners acquired QSR chain Captain D’s Seafood for a second time. The first acquisition took place in 2013, with the middle-market private equity firm exiting the business in 2017. Terms of the Captain D’s transaction were not disclosed.

The seafood themed restaurant chain operates out of Nashville and was founded in 1969. In their previous relationship, Phil Greifeld served as Captain D’s chief executive, as he does now. Currently investors, the existing senior management team will continue to lead the brand.

“We are excited to have the opportunity to partner with Phil Greifeld 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.”

Captain D’s operates and franchises 500 coastal-themed restaurants in the United States. Centre Partners helps unlock untapped value in businesses in the consumer and healthcare sectors, with offices in New York and Los Angeles. To date, it has invested over $2.5 billion of equity capital in more than 80 transactions.

Greifeld commented, “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.”

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