---
title: "QSR Magazine: Rapidly Growing Checkers & Rally’s Sold for $525 Million"
url: https://burnaze.com/article/2f73e2d6-c683-47a9-8169-c88d74ec6a97
source: "1851 Franchise"
original_url: https://1851franchise.com/qsr-magazine-rapidly-growing-checkers-rallys-sold-for-525-million-11319
category: "Burger"
industry: "Restaurants"
segment: "Burger"
published: 2017-03-24T14:09:12.000Z
modified: 2026-11-01T04:11:29.183Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/6f0274ac7008ff4c4bc15fd764a1ef1c8066.jpg
---

# QSR Magazine: Rapidly Growing Checkers & Rally’s Sold for $525 Million

**TL;DR:** Checkers & Rally's, an 844-unit QSR brand, was sold to Oak Hill Capital Partners for $525 million. The brand has locations in 29 states and the District of Columbia, and aims to reach 1,200 restaurants by 2020.

*originally published in 1851 Franchise on 2017-03-24. [Read the original](https://1851franchise.com/qsr-magazine-rapidly-growing-checkers-rallys-sold-for-525-million-11319).*

## Story

The president and CEO of Checkers Drive-In Restaurants made a big announcement this Thursday for the 844-unit brand that has locations in 29 states and in the District of Columbia. According to a recent QSR Magazine article, the brand entered an agreement to be acquired by Oak Hill Capital Partners for close to $525 million.

“We’re not taking a different direction,” Silva says. “What we’re really doing is throwing gasoline on a fire here.”

After six consecutive years of system-wide same-store sales growth and restaurant profitability up 20 percent per year over the past seven, the company feels its current momentum is propelling it forward even faster. With a goal of 1,200 restaurants by 2020, Checkers does not believe the ceiling for growth is anywhere in sight and has no plans of slowing down.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- private equity (topic)
- Checkers (company)
- qsr growth (topic)
- brand acquisition (topic)
- 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-magazine-rapidly-growing-checkers-rallys-sold-for-525-million-11319). Summarized by Burnaze (https://burnaze.com/article/2f73e2d6-c683-47a9-8169-c88d74ec6a97).