FranDevCo: Acquired by Full Spectrum Franchise Consulting
Deal News | Jan 24, 2025 | Merion Partners LP
FranDevCo, a leading franchise development company, has been acquired by Full Spectrum Franchise Consulting, a portfolio company of Merion Partners LP. This transaction aims to bolster Full Spectrum's offerings in franchise development by integrating FranDevCo's expertise in helping emerging franchise brands achieve sustainable growth. FranDevCo has been instrumental in placing over 1,100 franchise units across various sectors, thanks to its innovative approach as an outsourced development partner. The acquisition is part of Full Spectrum's strategy to expand its presence in the franchise industry by enhancing its service platform. Bob Levine, Managing Partner at L2 Capital, remarked on FranDevCo's proven ability to transform brands and their addition to the portfolio as a strategic advantage.
Sectors
- Franchise Development
- Private Equity
Geography
- United States – Both Full Spectrum Franchise Consulting and FranDevCo are U.S.-based, with reference to locations such as Cornelius, N.C., and Jupiter, Fla., indicating the geographical focus of the transaction.
Industry
- Franchise Development – The article discusses the acquisition and strategic growth within the franchise development sector, highlighting the role of consulting and marketing capabilities in supporting franchise brands.
- Private Equity – The acquisition involves a PE firm, Merion Partners LP, which underscores the investment activities and strategic growth in portfolio companies within this sector.
Financials
- Not Disclosed – The financial terms of the acquisition deal between Full Spectrum Franchise Consulting and FranDevCo were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FranDevCo | Target Company | Company | A premier franchise development organization focused on helping emerging franchise brands grow sustainably. |
| Full Spectrum Franchise Consulting | Bidding Company | Company | A portfolio company of Merion Partners LP, offering comprehensive support for franchisors. |
| Merion Partners LP | Private Equity Firm | Company | The PE firm backing Full Spectrum Franchise Consulting in its acquisition of FranDevCo. |
| L2 Capital | Fund Manager | Company | Parent company of Full Spectrum Franchise Consulting, overseeing the acquisition process. |
| Bob Levine | Managing Partner | Person | Managing Partner at L2 Capital, commented on the strategic importance of the acquisition. |