Full Spectrum Franchise Consulting's Strategic Acquisition of FranDevCo

Full Spectrum Franchise Consulting Expands its Portfolio

Full Spectrum Franchise Consulting has successfully completed the acquisition of FranDevCo, a distinguished franchise development and sales organization. This strategic move is aimed at enhancing Full Spectrum's portfolio of brands, which now includes prominent franchise solution providers such as iFranchise Group and TopFire Media. The integration of FranDevCo is expected to provide the company with enhanced capabilities to support its franchisee partners.

Introducing the New Board Members

With this acquisition, Full Spectrum Franchise Consulting welcomes two well-respected figures in the franchising community to its board: Rob Weddle and Patrick Galleher. Weddle, a seasoned executive with a rich history in franchise development, served as the former CEO of Authority Brands, where he played a pivotal role in the company’s growth, overseeing numerous acquisitions and expansion initiatives. His wealth of experience will be instrumental in guiding Full Spectrum’s future growth strategies.

Rob Weddle: A Visionary Leader in Franchising

Weddle's extensive background in franchising complements Full Spectrum's ambition to become a leading force in the industry. His track record includes facilitating significant improvements in system sales and earnings, and his insights will be vital for steering the company through its next phase of expansion.

Patrick Galleher: Expertise in M&A Transactions

Joining Weddle is Patrick Galleher, the CEO & Managing Partner of Boxwood Partners. Galleher has an impressive history of leading M&A advisory services and has successfully completed a myriad of franchisor deals. His role will support the company in forging alliances with strategic partners and enhancing growth opportunities across various sectors.

The Role of FranDevCo in the Franchise Ecosystem

FranDevCo has a rich history of aiding emerging brands by facilitating the placement of over 1,100 franchise units with more than 600 franchisees. Its methodology goes beyond traditional sales tactics. The firm operates as a comprehensive outsourced development partner, providing a consultative framework that emphasizes responsible franchising and value-driven services.

Diverse Sectors and Strong Team Support

Headquartered in Cornelius, N.C., FranDevCo’s team is made up of knowledgeable franchise professionals who offer support across a variety of sectors. These sectors include residential services, automotive, fitness, quick-service restaurants, health, and wellness, among others. This diverse background provides a wealth of experience and resources to franchisors at any stage of their development journey.

Strategic Growth and Future Aspirations

Peter Batushansky, Partner at L2 Capital, expressed enthusiasm about FranDevCo's acquisition, highlighting the synergistic potential and the value Rob Weddle and Patrick Galleher bring to the board. His optimism reflects the confidence in Full Spectrum's ability to capitalize on this merger, enabling the firm to strengthen its leadership position within the franchising sector.

About Full Spectrum Franchise Consulting

Full Spectrum Franchise Consulting consists of a portfolio of renowned franchise solution providers, including the iFranchise Group and TopFire Media. Each entity within this network offers unparalleled consulting, development, and marketing expertise, ensuring that franchisors can navigate every phase of their growth efficiently. The iFranchise Group has received accolades for its outstanding service, ranking as the top franchise supplier for several consecutive years, while TopFire Media enhances brand visibility through strategic marketing efforts.

Understanding L2 Capital’s Role

L2 Capital is a distinguished private equity firm that focuses on lower middle market investments. Established in Devon, PA, and Miami, FL, the firm prides itself on delivering exceptional returns while partnering with consumer and business service companies at transformative stages in their operations. L2 Capital’s innovative growth strategies will play a crucial role in scaling Full Spectrum’s aspirations.

Frequently Asked Questions

What does the acquisition of FranDevCo mean for Full Spectrum?

The acquisition expands Full Spectrum's capabilities in franchise development and enhances its service offerings to franchise partners.

Who are the new board members of Full Spectrum Franchise Consulting?

Rob Weddle and Patrick Galleher are the new board members, bringing extensive experience in franchising and mergers and acquisitions.

How has FranDevCo contributed to franchise development?

FranDevCo has helped place over 1,100 franchise units with more than 600 franchisees through its consultative development approach.

What sectors does FranDevCo support?

FranDevCo supports a wide range of sectors including residential services, automotive, health and wellness, and quick-service restaurants.

What is L2 Capital's focus as an investment firm?

L2 Capital specializes in lower middle market investments, aiming to deliver market-leading returns while partnering with targeted growth-oriented businesses.

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