Checkers Drive-In Restaurants, Inc. to be Sold to Sentinel Capital Partners

TAMPA, Fla.--(BUSINESS WIRE)--Checkers Drive-In Restaurants, Inc., which operates and franchises approximately 800 Checkers® and Rally’s® restaurants, today announced that its private equity ownership group, Wellspring Capital Management, entered into an agreement to sell the Company to Sentinel Capital Partners.

Terms of the stock purchase agreement are confidential.