Checkers Drive-In Restaurants, Inc., the Tampa, Fla.-based parent company of Checkers & Rally’s drive-thru restaurants, received a $20M investment from Oak Hill Capital Partners IV, a private equity firm and owner of the drive-thru concept.
The capital will be used to fund Checkers & Rally’s five-year growth plan.
Led by Frances Allen, President & CEO, Checkers Drive-In Restaurants is a drive-thru restaurant chain that operates and franchises both Checkers® and Rally’s® restaurants.
With 836 restaurants and room to grow, Checkers & Rally’s is expanding across the country.
The brand approved 40 new franchisees in 2020 and has 72 new locations in the development pipeline.