Sentinel's portfolio includes numerous franchised concepts.
Private equity firm Sentinel Capital Partners has acquired Newk's Holding Company, LLC, owner and operator of the Newk's Eatery. Terms of the agreement were not disclosed.
Newk's is a 10-year old fast-casual concept with 67 locations, mainly in the Southeast.
This is not Sentinel's first foray into the restaurant industry. In addition to Newk's, Sentinel's portfolio includes a variety of franchise-driven restaurant concepts and franchisees including Border Foods, a leading franchisee in the Taco Bell system; Checkers/Rally's; Falcon Holdings, a large franchisee of Church's Chicken restaurants; Huddle House, a franchisor of family dining restaurants in the Southeast; and Southern California Pizza Company, a 223-unit Pizza Hut franchisee operating in the greater Los Angeles market.