In the context of the Checkersrallys financial statements, who controlled BossCo Holdings, the holding company, according to the notes?

According to Checkersrallys's 2025 Franchise Disclosure Document, specifically the notes to the consolidated financial statements, BossCo Holdings was a holding company controlled by various funds operated by Oak Hill Capital Partners ("Oak Hill"). This information is relevant to understanding the ownership structure and related-party transactions of Checkersrallys prior to the Out-of-Court Restructuring.

For a prospective franchisee, this detail provides insight into who the ultimate decision-makers were before June 16, 2023. Knowing that Oak Hill Capital Partners, through its various funds, controlled BossCo Holdings can help a franchisee understand the strategic priorities and financial relationships that may have influenced Checkersrallys's operations and decisions during that period.

It's important to note that the control structure changed after the Out-of-Court Restructuring, with Topco acquiring all of the voting interests of Burger BossCo. Therefore, while Oak Hill's control is relevant for understanding historical financial statements, the current ownership and control may be different. A prospective franchisee should inquire about the current ownership structure and any potential impacts on the franchise system.