Centre Partners is buying a stake in Captain D’s Seafood Restaurants from Sun Capital Partners Inc.

Nashville, Tenn.-based Captain D’s owns and operates 527 restaurants in 25 states. Terms of the transaction were not disclosed.

Centre Partners is a middle market private equity firm, headquartered in New York that invests in the consumer, health care and business services industries. The firm’s portfolio investments include Bellisio Foods Inc. and Distant lands Trading Co.

Sun Capital, headquartered in Boca Raton, Fla., is invested in several restaurants, including Boston Market, Smokey Bones Barbeque & Grill, Bar Louie Restaurants, Fazolis and Johnny Rockets, which Sun Capital invested in in June. The firm also recently invested in Gem Shopping Network

During Sun Capital’s ownership period, Captain D’s underwent new restaurant design, new menu options with improved food quality and labor management. 

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.