Consumer

Checkers Drive-In Restaurants

Status
Exited
Location
Tampa, FL
Investment Type
Private Equity

Checkers Drive-In Restaurants is a franchisor and operator of Checkers and Rally’s restaurants. When Sentinel invested, Checkers had 450 franchised and 332 company-owned locations, with established strongholds in the Southeast, Mid-Atlantic, and Midwest. The largest QSR operator of dual drive-through restaurants, Checkers differentiates itself through its craveable food and robust flavors, exceptional value, and its signature buildings and trade dress that evoke timeless American imagery.

Backed by Sentinel, Checkers expanded its geographic footprint and substantially grew its sales and profits. Having achieved our investment objectives, Checkers was sold to another private firm in 2017.