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BOCA RATON, Fla. -- Sun Capital Partners Inc., a private-equity firm and parent to the Worsley and Village Pantry convenience stores chains, acquired the 539-unit Captain D's Seafood Kitchen quick-service restaurant chain from Sagittarius Brands Inc., Nations Restaurant News reported.
Terms of the deal were not disclosed. Captain D's is the nation's second-largest fast-food seafood chain behind Long John Silver's, according to the report.
David Head, Captain D's president and chief executive, said in a statement cited by the magazine that the chain would benefit from Sun Capital's "deep operating experience in quick-service and fast-casual restaurants."
"With Sun Capital's support, we will continue to focus on several key improvement initiatives, while staying true to our overall objective of serving our loyal customers a high quality, cooked-to-order seafood meal at a good value," Head said.
Boca Raton-based Sun Capital Partners has several restaurant companies in its portfolio, including Boston Market, Bruegger's Bagels, Fazoli's, Friendly's and Smokey Bones Barbeque & Grill, the report stated.
"We are delighted to welcome Captain D's to our family of restaurant companies, and are eager to begin working with the management team and dedicated associates," Aaron Wolfe, a principal at Sun Capital Partners, said in the report. "We believe there are opportunities to continue to enhance the Captain D's brand, while concentrating on the core values that the brand has focused on for over 40 years -- great, fresh seafood cooked-to-order and served with Southern hospitality."