Captain D’s owners agree to sell seafood chain

An affiliate of private-equity firm Sun Capital Partners Inc. announced Tuesday that it has agreed to sell the Captain D’s Seafood Restaurant chain to another private-equity firm, Centre Partners, according to Nation’s Restaurant News (NRN.com). Terms of the deal were not disclosed. Captain D’s operates restaurants in Kettering, Huber Heights, Middletown, Fairfield and Greenville.

The chain, which operates more than 500 locations in 25 states, has rebounded nicely since it was acquired by Sun Capital in 2010, recording sales increases in each of the last two years, according to Dow Jones.

In June, the executive chef for the entire Captain D’s chain, Jason Henderson, traveled to his company’s Kettering restaurant to fix dinner for Patrice Judge of Kettering and five of her friends after Judge won a national contest via Facebook. Sun Capital put the seafood chain up for sale the week before the local promotional event.

The new owner, Centre Partners, does not currently have extensive restaurant holdings. Sun Capital’s restaurant portfolio includes Boston Market, Smokey Bones Barbeque & Grill, Bar Louie Restaurants, Friendly’s Ice Cream, Restaurants Unlimited, Garden Fresh, Fazoli’s, and Johnny Rockets.

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