Boxwood’s Latest Transaction Continues Company’s Momentum as Franchise Industry’s Leading M&A Advisor
JUPITER, FL/ACCESSWIRE/May 12, 2022/ Boxwood Partners is pleased to announce the sale of Franchise FastLane (“FFL” or “the Company”), an outsourced franchise sales organization, to Southfield Capital.
Boxwood Partners, a leading middle-market investment bank based in Jupiter, Florida, acted as exclusive advisor to Franchise FastLane on the transaction. The transaction was led by J. Patrick Galleher (Managing Partner), Brian Alas (General Manager), Dan Martinson (Vice President) and John Atkinson (Partner). Terms of the agreement were not disclosed.
Co-founded by Ryan Zink and Carey Gille in 2017, FastLane quickly became the most recognizable franchise sales organization in the industry, awarding over 4,000 total territories in just 5 years. Franchise FastLane selectively partners with emerging franchise brands to bring them qualified leads, refine their sales process and accelerate development growth. The company currently represents brands in various industries such as residential and commercial services, fitness, business services, child enrichment, automotive, health and wellness, and many more.
“Ryan and Carey have built a tremendous company, delivering industry-leading customer service through a world-class culture, technology and processes,” said Brian Alas, Managing Director of Boxwood Partners. “Franchise FastLane has a unique value proposition in the franchising world. The partnership with Southfield will allow the company to further accelerate the growth of its core service offerings while providing the strategic vision and resources needed to expand reach services to meet the needs of the Company’s franchisor partners.”
Company owners Carey Gille and Ryan Zink will remain involved with the business post-closing, with Ms. Gille retaining her current role as CEO and Mr. Zink serving as an advisor to the board.
“We sincerely appreciate the services of Boxwood Partners as a sales advisor,” said Ryan Zink, co-founder of Franchise FastLane. “Having completed a transaction before, I know how much time, energy and effort goes into this intensive process. Boxwood went above and beyond, and his knowledge of service businesses and the franchise landscape was invaluable during this transaction.”
“We are extremely pleased to partner with Southfield Capital,” said Carey Gille, Co-Founder and CEO. “From the start, there has been cultural and strategic alignment, and we are excited to leverage our combined experiences in franchising and business services to take our franchisor partners to the next level of growth.”
Taylor Dieckman and Zachary Rupiper along with Koley Jessen served as legal advisors while Elliot Davis served as the company’s accounting advisor.
About Boxwood Partners
Boxwood Partners, LLC, is an investment bank based in Jupiter, Florida with offices in Richmond, Virginia. Boxwood Partners combines a unique blend of high-level transaction advisory, commercial operating experience and proven process execution skills to give its clients a distinct advantage in the marketplace. The company’s extensive relationships within global capital and buyer communities (including U.S. and international private equity groups, corporations and lenders) and other significant transaction-related service providers such as consultants, lawyers and accountants, ensure that the company’s clients receive the attention, service and results they deserve.
For more information about Boxwood Partners, please visit www.boxwoodpartners.com.
About FastLane Franchise
Founded in 2017, Franchise Fastlane is an outsourced Franchise Sales Organization (FSO) headquartered in Omaha, NE. The company works with emerging franchisors, managing the entire franchisee sales lifecycle, from initial lead generation, through lead qualification, to deal close. The company relies on a rigorous due diligence and onboarding process, a cutting-edge technology platform, and exceptional business executives to drive the development of successful franchises for its franchisor partners.
For more information, please visit www.franchisefastlane.com.
About Southfield Capital
Southfield Capital is a private equity firm that invests in high growth lower middle market companies in the outsourced business services sector. The company targets companies with an EBITDA of $4-15 million and partners with management to scale the business through a combination of organic growth and acquisition strategies.
For more information, please visit www.southfieldcapital.com.
THE SOURCE: Boxwood Partners, LLC
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