Private-equity firm Sentinel Capital Partners has agreed to acquire Checkers Drive-In Restaurants Inc. from Wellspring Capital Management LLC. A spokeswoman for the Tampa, Fla.-based operator of the 800-unit Checker’s and Rally’s hamburger chains said Monday that “terms of the stock purchase agreement are confidential” and that the deal is expected to close within 60 days. New York City-based Wellspring had acquired Checkers and Rally’s in a June 2006 ...
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Contact: Desiree Torres Desiree.Torres@penton.com