ATLANTA–(Company WIRE)–Mar 1, 2022–
Prospect Hill Advancement Partners (“PHGP”), in partnership with Jamie Weeks, announce the development of Legacy Franchise Concepts (“LFC”), a multi-brand system focused on large-growth, multi-site shopper companies ideas. The new company will leverage ideal procedures in tradition, internet marketing, finance and enhancement to improve its environment-course buyer models and speed up growth.
This press release characteristics multimedia. Check out the entire launch listed here: https://www.businesswire.com/news/home/20220301005348/en/
LFC owns and operates the world wide rights to SweatHouz, an revolutionary rest, wellness and restoration notion, and is now the most significant place developer for Dogtopia, a foremost doggy daycare brand name with extra than 185 daycares nationally.
In conjunction with the transaction, LFC also acquired 60 Dogtopia licenses in California, Florida, Nevada, Ohio, and other choose towns, incorporating to its 15 licenses in Oregon, with options to aggressively open up new Dogtopia areas across these marketplaces.
“This partnership will permit us to rapidly scale and employ approaches that will ultimately reward the two SweatHouz and Dogtopia, as effectively as long term brands that we’re at present in discussions with,” says Jamie Weeks, government chairman of LFC. “As we transfer ahead, this new partnership provides us the probability to investigate more possibilities in the well being, wellness and lifestyle sectors.”
As a outcome of the new partnership, which includes progress money, SweatHouz will continue on to develop corporate areas as perfectly as commence franchising across the U.S. this summer season and will also be concentrated on accelerating the advancement of the Dogtopia dog daycare centers.
This information arrives on the heels of an aggressive expansion by SweatHouz through the place over the previous yr. The well-known infrared sauna strategy has opened new studios in Georgia, Oregon, South Carolina and Texas, with areas in Colorado and Massachusetts slated to open in the coming months.
“Prospect Hill Progress Companions is the preferred lover to CEOs and founders in the wellbeing, wellness and lifestyle area,” says Weeks. “PHGP has a proven keep track of history of scale and accomplishment in these sectors, but even far more notable is the way they spend in a company’s people today and founders – the spine of any brand. Which is why I’m energized about moving forward with them in this enterprise.”
This is Months and PHGP’s 2nd partnership. Their connection began in 2017 when PHGP invested in Honors Holdings, LLC, an Orangetheory Fitness franchisee. With each other, PHGP and Months have grown Honors Holdings from 16 to extra than 130 owned Orangetheory Health studios, making it the brand’s biggest world wide franchisee.
“We’re fired up to make investments alongside Jamie in LFC, a system with several legs for expansion,” states Jeff Teschke, lover at PHGP. “The crew and society at LFC genuinely established the group aside, and we glance forward to accelerating growth at both SweatHouz and Dogtopia above the following numerous a long time. Our practical experience with both of those Orangetheory Fitness and Crunch Exercise will support establish a robust basis for another environment-course system providing fantastic client ordeals.”
Legacy Franchise Concepts will function as a wholly separate entity from Honors Holdings. Weeks will serve as executive chairman of LFC, though keeping his role as president and CEO of Honors Holdings.
“PHGP has had success in well being and wellness and pet over the last several years, and we have conviction in the very long-expression developments in each types,” claims Kyle Casella, principal at PHGP. “We imagine we’ve identified the suitable system to capitalize on these tendencies presented our marriage with Jamie and the robust brand names in just LFC.”
This is PHGP’s third investment in the overall health and wellness segment and next in pet given that 2017. The business will deliver its unique blend of investment decision and operating expertise to the board, which will also involve outside advisors with know-how in franchising and overall health and wellness.
For additional information and facts on SweatHouz franchise options, remember to visit: sweathouz.com/franchise.
About Legacy Franchise Principles
Legacy Franchise Concepts (LFC), a lover of Prospect Hill Expansion Partners, invests in wellness, wellness and life-style makes throughout the franchise landscape. Launched by Jamie Months, Atlanta-based LFC’s portfolio contains SweatHouz infrared sauna studios and Dogtopia, the primary service provider of dog daycare in North America. For more information and facts, remember to stop by: lfcbrands.com.
About Prospect Hill Growth Partners, L.P.
Prospect Hill Growth Associates ( www.prospecthillgrowth.com ) is a Boston-area non-public fairness agency that will make control fairness investments in North American buyer and health care development businesses. The associates at Prospect Hill have collectively invested somewhere around $3 billion of cash in a lot more than 35 portfolio corporations above two many years. The partners’ prosperous financial investment keep track of report has been designed on their sector-focused expenditure tactic and skills, a robust operational benefit-add model, and powerful alignment of passions.
Look at source version on businesswire.com:https://www.businesswire.com/information/household/20220301005348/en/
Get in touch with: Jeff Teschke [email protected]
Kyle Casella [email protected]
cell phone: 617-753-1100
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Supply: Prospect Hill Progress Companions
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PUB: 03/01/2022 08:00 AM/DISC: 03/01/2022 08:02 AM