Boxwood Partners, a leading boutique investment bank specializing in the franchise industry, has announced its successful role as the exclusive sell-side advisor in the acquisition of FranDevCo by Full Spectrum Franchise Consulting. This transaction further solidifies Boxwood Partners’ reputation as a trusted and expert advisor within the franchise sector, known for driving value and growth for its clients.
FranDevCo, a premier franchise development organization, partners with both established and emerging franchise brands to accelerate their growth and enhance brand value. By joining forces with Full Spectrum Franchise Consulting, a portfolio company of L2 Capital and the parent company to iFranchise Group and TopFire Media, FranDevCo is poised to expand its reach and impact within the franchising landscape. This strategic acquisition will allow FranDevCo to leverage the resources and network of Full Spectrum to further scale its services and provide even greater value to the franchise brands it supports.
The Boxwood Partners team, led by Managing Partner J. Patrick Galleher, Director Madison Day, Associate Manuel Dwyer, and Analyst Drew Asadorian, provided expert guidance throughout the entire transaction process. Their deep understanding of the franchise industry and strategic advisory services were crucial in facilitating a successful outcome for FranDevCo. The terms of the deal remain undisclosed, reflecting the confidential nature of such strategic transactions.
This successful deal underscores Boxwood Partners’ continued dominance in franchise industry transactions. In 2024 alone, they have completed 10 franchise transactions, and since 2020, have advised on over 40 successful deals in the sector. This impressive track record highlights their profound expertise in representing franchisors, franchisees, and key service providers within the franchise ecosystem.
“Boxwood Partners was instrumental in guiding us through this process,” stated Sung Ohm, President and CEO of FranDevCo. “Their industry expertise and strategic insights were invaluable in facilitating our acquisition by Full Spectrum. With this partnership, we are well-positioned to scale our services and accelerate growth for the brands we represent.” Jeff Dudan, Advisory Partner at FranDevCo, also praised Boxwood Partners, stating, “Madison and Patrick from Boxwood Partners delivered an exceptional outcome, surpassing our expectations. I am incredibly grateful for their unwavering dedication and professionalism throughout this transaction.”
Boxwood Partners continues to demonstrate its commitment to the franchise industry, providing unparalleled advisory services that lead to successful mergers and acquisitions. Their deep sector knowledge and client-centric approach make them a preferred partner for businesses looking to navigate complex transactions and achieve their strategic goals within the dynamic franchise market.
