The latest transaction highlights Boxwood’s expansion into the health and wellness sector within the franchise
JUPITER, FL / ACCESSWIRE / July 26, 2022 / Boxwood Partners is pleased to announce that VIO Med Spa (the “Company”), a national, comprehensive medical spa offering the latest cutting-edge technologies and therapies offered in the wellness and aesthetics industry, has received a strategic growth capital investment from Tucker’s Farm Corporation (“Tucker’s Farm”). At the time of the acquisition, the Strongville, Ohio-based company had 12 franchise locations and 1 corporate-owned location.
Boxwood Partners, a leading boutique middle market investment bank based in Jupiter, FL, acted as the exclusive acquisition advisor to Tucker’s Farm on the transaction. Terms of the deal were not disclosed. The transaction marks Boxwood’s 2ndn.d transaction within the health and welfare sector and 8th 2022 transaction.
Founded by Joe and Nick Stanoszek, VIO Med Spa has 13 locations open in six states with 40 new locations slated to open by the end of 2023. Following the investment from Tucker’s Farm, the Company plans to continue its expansion nationally, invest in people infrastructure, expand training and education, explore emerging operating and technology platforms and further develop additional corporate-owned locations. Each VIO Med Spa location emphasizes a best-in-class experience and adheres to the company’s motto: delivering safe, easy, and life-changing results.
The VIO Med Spa transaction represents Tucker’s Farm’s latest franchisee and multi-unit franchisor investment, following successful partnerships within the European Wax Center system and Lee’s Famous Recipe Chicken. Tucker’s Farm plans to take a similar approach to those investments by investing heavily in team, infrastructure and new corporate-owned locations to further drive growth.
“VIO Med Spa is an emerging leader in the health and wellness sector as consumers have embraced med spa services and injections as an important part of maintaining their physical and mental health. Additionally, franchisors within the sector have continued to increase their footprint by offering affordable membership programs with quality and consistent service levels,” said Brian Alas, Managing Director of Boxwood Partners. “The company’s partnership with Tucker’s Farm will provide the resources needed to continue its expansion plans.”
About Boxwood Partners
Boxwood Partners, LLC, is a boutique investment bank based in Jupiter, Florida with offices in Richmond, Virginia. Boxwood Partners combines a unique blend of high-level transaction advisory, business operations experience and proven process execution capabilities to give its clients a distinct market advantage. The firm’s extensive relationships within the global equity and acquirer communities (including US and international private equity groups, corporations and lenders) and other key transaction-related service providers, such as consultants, attorneys and accountants, ensure that our clients firm to receive the attention, service and results they deserve. For more information about Boxwood Partners, please visit www.boxwoodpartners.com.
About Tucker’s Farm Corporation
Tucker’s Farm Corporation is a low-profile holding company that makes long-term, value-oriented investments with a permanent capital base. Tucker’s Farm takes a highly flexible approach and invests across industries, geographies and capital structures, with the sole mandate of finding and combining the highest risk-adjusted cash flows over the long term. Tucker’s Farm’s franchisor-franchisee subsidiary’s investments include one of the largest European Wax Center franchises with locations throughout the US, and the Midwest’s leading chicken QSR brand with over 130 restaurants. For more information visit tuckersfarm.bm.
About VIO Med Spa
Founded in 2017 in Strongsville, Ohio, VIO Med Spa is a national, comprehensive medical spa offering the latest cutting-edge technologies and therapies offered in the wellness and aesthetics industry. VIO Med Spa is purpose-driven, helping women and men of all ages look beautiful and feel confident. VIO Med Spa’s expert team of highly educated professionals and doctors focuses on meeting the needs of each guest by recommending products and services that are sure to get the desired results. Through personalized treatments and education, VIO makes a significant positive impact on each guest’s body, skin and mind, leading to life-changing results. For more information, visit viomedspa.com.
SOURCE: Boxwood Partners, LLC
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