Area burger chain picks up $20 million investment

Niche fast-food concept based Checkers Drive-In Restaurants has rallied during the pandemic, a performance that paid off in a recent announcement of a $20 million capital injection.

The investment, from Oak Hill Capital Partners IV, which owns the burger chain, will be used to fund an aggressive five-year growth plan at Checkers & Rally's drive-thru restaurants, according to a statement. Oak Hill acquired Checkers from Sentinel Capital Partners in 2017 for $525 million.