LFC owns and operates the worldwide rights to SweatHouz, an modern rest, wellness and restoration idea, and is now the most important space developer for Dogtopia, a number one canine daycare model with greater than 185 daycares nationally. Along with the transaction, LFC acquired 60 Dogtopia licenses in California, Florida, Nevada, Ohio, and different choose cities, including to its 15 licenses in Oregon, with plans to open new Dogtopia places throughout these markets.
“This partnership will permit us to shortly scale and implement methods that can finally profit each SweatHouz and Dogtopia, in addition to future manufacturers that we’re at present in discussions with,” says Jamie Weeks, govt chairman of LFC. “As we transfer ahead, this new partnership provides us the prospect to discover extra alternatives within the well being, wellness and way of life sectors.”
On account of the brand new partnership, which incorporates progress capital, SweatHouz will proceed to develop company places in addition to start franchising throughout the U.S. this summer time. LFC can even give attention to accelerating the event of Dogtopia daycares.
This information comes on the heels of an aggressive enlargement by SweatHouz all through the nation over the past yr. The favored infrared sauna idea has opened new studios in Georgia, Oregon, South Carolina and Texas, with places in Colorado and Massachusetts slated to open within the coming weeks.
“Prospect Hill Development Companions is the popular companion to CEOs and founders within the well being, wellness and way of life house,” says Weeks. “PHGP has a confirmed monitor document of scale and success in these sectors, however much more essential is the way in which they put money into an organization’s individuals and founders – the spine of any model. That is why I am enthusiastic about shifting ahead with them on this enterprise.”
That is Weeks and PHGP’s second partnership. Their relationship started in 2017 when PHGP invested in Honors Holdings, LLC, an Orangetheory Health franchisee. Collectively, PHGP and Weeks have grown Honors Holdings from 16 to greater than 130 owned Orangetheory Health studios, making it the model’s largest world franchisee.
“We’re excited to speculate alongside Jamie in LFC, a platform with a number of legs for progress,” says Jeff Teschke, companion at PHGP. “The group and tradition at LFC actually set the group aside, and we sit up for accelerating progress at each SweatHouz and Dogtopia over the following a number of years. Our expertise with each Orangetheory Health and Crunch Health will assist set up a powerful basis for an additional world-class platform delivering distinctive client experiences.”
Legacy Franchise Ideas will function as a totally separate entity from Honors Holdings. Weeks will function govt chairman of LFC, whereas sustaining his function as president and CEO of Honors Holdings.
“PHGP has had success in well being and wellness and pet over the past a number of years, and now we have conviction within the long-term developments in each classes,” says Kyle Casella, principal at PHGP. “We consider we have discovered the perfect platform to capitalize on these developments given our relationship with Jamie and the sturdy manufacturers inside LFC.”
That is PHGP’s third funding within the well being and wellness phase and second in pet since 2017. The agency will deliver its distinctive mixture of funding and working expertise to the board, which can even embody exterior advisors with experience in franchising and well being and wellness.
For extra info on SweatHouz franchise alternatives, please go to: sweathouz.com/franchise.
For extra info, go to LFCbrands.com.
About Legacy Franchise Ideas
Legacy Franchise Ideas (LFC), a companion of Prospect Hill Development Companions, invests in well being, wellness and way of life manufacturers throughout the franchise panorama. Based by Jamie Weeks, Atlanta-based LFC’s portfolio consists of SweatHouz infrared sauna studios and Dogtopia, the main supplier of canine daycare in North America. For extra info, please go to: LFCbrands.com.
About Prospect Hill Development Companions, L.P.
Prospect Hill Development Companions (www.prospecthillgrowth.com) is a Boston-area personal fairness agency that makes management fairness investments in North American client and healthcare progress firms. The companions at Prospect Hill have collectively invested roughly $3 billion of capital in additional than 35 portfolio firms over 20 years. The companions profitable funding monitor document has been constructed on their sector-focused funding technique and experience, a sturdy operational value-add mannequin, and robust alignment of pursuits.
This press launch was issued by 24-7PressRelease.com. For additional info, go to http://www.24-7pressrelease.com.
SOURCE Prospect Hill Development Companions
