The story
Mr. D's Seafood and Hamburgers opened in 1969 after entrepreneur, owner of Danner Foods and KFC franchisee Raymond L. Danner Sr. was unable to expand the territory of his Shoney's Big Boy Restaurants franchise, which was limited to 11 states in the Southeast. In 1971, Danner and his Shoney's co-founder Alex Schoenbaum completed a merger between Shoney's and Danner Foods and named their new company Shoney's Big Boy Enterprises. In 1975, Danner was president of the company, which announced the renaming of Mr. D's Seafood and Hamburgers as "Captain D's" and the launch of a national franchising program. By this time, Captain D's menu was edited to focus on seafood and side dishes, and the chain had expanded to 32 locations that earned more than $10 million annually. In 1976, Captain D's was held by the rebranded Shoney's Inc., after Danner and Schoenbaum sold the Big Boy trademark to Marriott Corporation.
Throughout the 1970s, the company grew rapidly and added special programs like the Kids' Birthday Club and children's comic books. During the 1980s and 1990s, the company's logo and building design evolved.
On September 13, 2010, Phil Greifeld was appointed CEO of Captain D's.
Throughout 2016, Captain D's experienced a surge of franchise and corporate development, with 13 new locations opened, along with numerous development agreements signed to open additional restaurants. This ongoing growth expanded the brand's presence, including in Alabama, Arkansas, Florida, Georgia, Illinois, Kentucky, Louisiana, North Carolina, South Carolina, Michigan, Tennessee, Texas, and Virginia.
Acquisitions
In January 2005, Sagittarius Brand, Inc. acquired Captain D's for $150 million. To gain capital, the holding company sold Captain D's to buyout firm Sun Capital Partners, Inc in 2010.
After Spectrum Restaurant Group Inc. filed for chapter 11 bankruptcy in 2006, Captain D's bought its restaurant chain Grandy's as a subsidiary.
In 2013, Sun Capital Partners Inc. sold Captain D's to its affiliate, Centre Partners Management.
In 2017, Centre Partners sold the chain to Sentinel Capital Partners.
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In 2022, Sentinel Capital Partners sold Captain D's back to Centre Partners.
From Wikipedia’s article on Captain D's, shared under CC BY-SA 4.0.5