---
title: "Restaurant Finance Monitor: Sale of Checkers & Rally's to Fuel the Brand's Growth Initiatives"
url: https://burnaze.com/article/5fbfae41-c1c7-4943-9bd5-61285647e57d
source: "1851 Franchise"
original_url: https://1851franchise.com/restaurant-finance-monitor-sale-of-checkers-rallys-to-fuel-the-brands-growth-initiatives-11523
category: "QSR"
industry: "Restaurants"
segment: "QSR"
topics: ["Finance & M&A"]
published: 2017-04-02T14:09:05.000Z
modified: 2026-11-01T02:35:26.421Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/ec43f2faeb07d8918237f8390b6027e16655.jpg
---

# Restaurant Finance Monitor: Sale of Checkers & Rally's to Fuel the Brand's Growth Initiatives

**TL;DR:** The sale of Checkers & Rally's to Oak Hill Capital Partners for $525 million will fuel the brand's growth and expansion initiatives. Checkers & Rally's CEO Rick Silva expects the brand to surpass its goal of 1,200 units by 2020.

*originally published in 1851 Franchise on 2017-04-02. [Read the original](https://1851franchise.com/restaurant-finance-monitor-sale-of-checkers-rallys-to-fuel-the-brands-growth-initiatives-11523).*

## Story

The sale of rapidly expanding franchise Checkers & Rally's to Oak Hill Capital Partners was the culmination of a nearly decade-long turnaround engineered by CEO Rick Silva. According to a recent article in Restaurant Finance Monitor, the deal was for $525 million and will fuel the brand's continued growth moving forward.

“Today is a wonderful day, but it’s part of a full 10-year journey for us,” Silva told Restaurant Finance Monitor shortly after the announcement. “We focused on, of course, driving topline sales and we’ve had six consecutive years of same-store sales growth, we’re up 3.5% this year, up over 3% last year too,” he added.

Silva and the Checkers team was focused on a goal of 1,200 units by 2020, but on the heels of the deal with Oak Hill Capital Partners, Silva told RFM he thinks they'll far surpass that goal.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- brand expansion (topic)
- private equity (topic)
- Checkers (company)
- growth initiatives (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/restaurant-finance-monitor-sale-of-checkers-rallys-to-fuel-the-brands-growth-initiatives-11523). Summarized by Burnaze (https://burnaze.com/article/5fbfae41-c1c7-4943-9bd5-61285647e57d).