TL;DR
Checkers and Rally's has been sold to Oak Hill Capital Partners for $525 million. The brand has over 840 locations across the country and employs over 1,200 people in the Tampa Bay area.
Checkers and Rally's has new ownership. The rapidly growing Tampa-based franchise recently announced a sale to Oak Hill Capital Partners for $525 million.
According to a recent article by the Tampa Bay Times, the brand changes hands while boasting more than 840 locations across the country and employing more than 1,200 in the Tampa Bay area alone.
"What we've done is focused on what's important to them — outstanding food that tastes really different and has a really differentiated flavor," Rick Silva, president and CEO of Checkers, told the Tampa Bay Times.
The deal will create more jobs in the Tampa Bay area, and the company is set to expand with nearly 70 locations expected to open for the franchise in 2017.
In this story
This story was originally published in 1851 Franchise on March 29, 2017. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.