New York-based private equity firm Sentinel Capital Partners has signed a deal to buy Checkers Drive-In Restaurants from Wellspring Capital Management for an undisclosed amount. The chain includes about 800 Checkers and Rally’s units in 25 states. Wellspring purchased the chains in 2006 for about $188 million; Sentinel also owns the 400-unit Atlanta-based Huddle House chain. Read the Tampa Bay Times story here


