Home Brand News Being essential leads to private equity deal

Being essential leads to private equity deal

by Chris Schroder
Being essential leads to private equity deal

COVID-19 has reinforced the importance of “essential” businesses, and that is especially true in franchising where being part of a growing network adds another level of security.

An example of the attractiveness of essential franchises came when Restoration 1 and bluefrog Plumbing + Drain landed a majority investment from MPK Equity Partners and Princeton Equity Group. CEO Gary Findley said that operating essential service trade businesses that were in demand throughout COVID-19 was a plus.

“The fact that both franchises are considered essential businesses is the main reason,” Findley told Franchise Times about getting the deal closed during a pandemic.

– BizComPR Team

You may also like

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Do NOT follow this link or you will be banned from the site!