Checkers and Rally's

Checker and Rally's or Checkers Drive-In Restaurants, Inc., is a chain of double drive-thru restaurants in the United States.
==History==
Originally separate companies serving different geographic areas, Checkers and Rally's merged in August 1999. Generally speaking, the Checkers name remains used in the Southeast as well as the Northeast while the Rally's name remains used in the Midwest as well as California; the two brands have overlap in several areas.
The merged company is headquartered in Tampa, Florida. Most locations specialize in carryout service with drive-thru and walk-up windows available, but no indoor seating, though some legacy Rally's locations in the Midwest retain dining rooms, as well as two Checkers locations with indoors dining areas in both Clearwater and Orlando, Florida. Checkers was founded in 1986 in Mobile, Alabama, by Jim Mattei, and went public in 1991. Rally's was founded in Louisville, Kentucky, in 1985 by Jim Patterson. https://web.archive.org/web/20190114044404/https://insiderlouisville.com/economy/franchisee-plans-to-expand-rallys-hamburgers-brand-in-louisville/ In 1991 and 1992, Rally's absorbed Maxie's of America, Snapps Drive-Thru, and Zipps Drive-Thru. http://www.fundinguniverse.com/company-histories/rally-s-history/ 
In 1996, Rally's was bought by CKE Restaurants, parent company of Carl's Jr. and Hardee's. CKE sold Rally's to Checkers in 1999. Unlike the two CKE chains, Checkers promptly merged Rally's into its branding, and the two chains are now only different by name.
In June 2006, the company went private through a merger with Taxi Holdings Corp., an affiliate of Wellspring Capital Management, a private equity firm. In 2014, Wellspring sold Checkers to another private equity firm, Sentinel Capital Partners. http://nrn.com/corporate/checkers-rally-s-operator-be-acquired-sentinel-capital-partners On March 23, 2017, Checkers announced that it would be sold to Oak Hill Capital Partners for $525 million. https://www.wsj.com/articles/checkers-drive-in-restaurants-agrees-to-be-sold-for-525-million-1490241840 The sale was completed a month later. https://pitchbook.com/newsletter/oak-hill-sentinel-seal-525m-transaction 
In February 2020, Checkers & Rally's named Frances Allen, former CEO of Boston Market, as their new CEO.
==References==
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