---
title: "QSR: Checkers & Rally's Acquired by Oak Hill Capital Partners for $525 million"
url: https://burnaze.com/article/1f40d903-abaf-4c45-9037-491d9745ccfc
source: "1851 Franchise"
original_url: https://1851franchise.com/qsr-checkers-rallys-acquired-by-oak-hill-capital-partners-for-525-million-11349
category: "Burger"
industry: "Restaurants"
segment: "Burger"
topics: ["Finance & M&A"]
published: 2017-04-02T14:09:13.000Z
modified: 2026-11-01T04:13:11.450Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/ca116fd2defdcd8c7104c8218beee3144784.jpg
---

# QSR: Checkers & Rally's Acquired by Oak Hill Capital Partners for $525 million

**TL;DR:** Checkers Drive-In Restaurants, a franchise with over 840 units, has been acquired by Oak Hill Capital Partners for $525 million. The acquisition aims to expand the brand to 1,200 locations by 2020.

*originally published in 1851 Franchise on 2017-04-02. [Read the original](https://1851franchise.com/qsr-checkers-rallys-acquired-by-oak-hill-capital-partners-for-525-million-11349).*

## Story

Checkers Drive-In Restaurants, the more than 840 unit franchise based in Tampa, has been acquired by Oak Hill Capital Partners for $525 million. Rick Silva, CEO of the rapidly growing franchise, told QSR in a recent article, “We’re not taking a different direction. What we’re really doing is throwing gasoline on a fire here.”

Over the last eight years, Silva has led an incredible turnaround for the brand - profitability has increased by about 20 percent every year for the last seven, and the system has grown, with a goal of having 1,200 locations open by 2020. The sale to Oak Hill Capital Partners certainly helps that "20-20" vision, and estimates from Buxton estimate the company could add 3,000 more units in existing markets alone.

“We’ve got so much exciting growth ahead of us,” Silva told QSR. “It is kind of crazy if you think about it.”

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- unit expansion (topic)
- private equity (topic)
- acquisition (topic)
- Checkers (company)
- Rally's (company)
- Oak Hill Capital Partners (investor)
- Oak Hill Capital Partners acquisition of Checkers (deal)

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Originally reported by 1851 Franchise (https://1851franchise.com/qsr-checkers-rallys-acquired-by-oak-hill-capital-partners-for-525-million-11349). Summarized by Burnaze (https://burnaze.com/article/1f40d903-abaf-4c45-9037-491d9745ccfc).