 In August 2006, when the company generated $245 million in revenue from 55 restaurants in 15 states, Oak Investment Partners and L Catterton Partners jointly purchased Cheddar's.In August 2007, the company recruited Kelly Baltes from Darden Restaurants to serve as CEO.In October 2014, Ian Baines was brought on as President and CEO of Cheddar's Scratch Kitchen, after serving as CEO and President at Uno Restaurant Holdings Corporation.