Boxwood Partners Llc, a leading middle-market investment bank, has once again demonstrated its expertise in the franchise sector by advising on the successful sale of FranDevCo to Full Spectrum Franchise Consulting. This transaction further solidifies Boxwood Partners’ reputation as a trusted advisor for franchise businesses, showcasing their deep understanding of the industry and commitment to client success.
FranDevCo, a premier franchise development organization, was acquired by Full Spectrum Franchise Consulting, a portfolio company of L2 Capital and the parent company of iFranchise Group LLC and TopFire Media Inc. Boxwood Partners acted as the exclusive sell-side advisor to FranDevCo, guiding them through each step of this significant transaction. The deal was spearheaded by a dedicated team at Boxwood Partners LLC, including Managing Partner J. Patrick Galleher, Director Madison Day, Associate Manuel Dwyer, and Analyst Drew Asadorian. While the specific terms of the agreement remain undisclosed, the successful completion of this sale highlights the value and growth FranDevCo has achieved under Boxwood Partners’ guidance.
This successful deal is the latest in a series of accomplishments for Boxwood Partners LLC within the franchise industry. In 2024 alone, they have completed 10 franchise transactions, and since 2020, they have advised over 40 businesses in the sector. Their extensive experience spans across established and emerging franchisors, leading franchisees, and essential service providers within the franchise ecosystem. This track record underscores Boxwood Partners LLC’s deep sector knowledge and their ability to deliver exceptional results for their clients.
J. Patrick Galleher, Managing Partner at Boxwood Partners LLC, commented on the transaction, stating, “FranDevCo has become a recognized leader for emerging franchise brands, and this transaction is a significant opportunity to amplify their influence across the franchise landscape.” Echoing this sentiment, Sung Ohm, President and CEO of FranDevCo, acknowledged Boxwood Partners’ crucial role: “Boxwood Partners was critical in navigating us through this process. Their franchise industry knowledge and strategic insights were invaluable in facilitating our acquisition by Full Spectrum. This partnership positions us to expand our services and accelerate growth for the brands we support.”
Jeff Dudan, Advisory Partner at FranDevCo, further emphasized the positive experience with Boxwood Partners LLC, saying, “Madison and Patrick at Boxwood Partners exceeded our expectations and delivered an outstanding outcome. I am incredibly thankful for their unwavering commitment and professionalism throughout this transaction, marking my second successful deal with Boxwood Partners.”
These testimonials and the successful FranDevCo transaction underscore why Boxwood Partners LLC is a leading advisor in the franchise industry. Their dedication to understanding the unique needs of franchisors and franchisees, combined with their expertise in mergers and acquisitions, makes them an invaluable partner for businesses looking to achieve their strategic and financial goals within the dynamic franchise market.
