WOBURN, MA AND NEW YORK, NY…
Franchise Growth Group (“FGG”), a leading provider of consulting services and capital to the franchise industry, recently announced today it has retained Integrity Square LLC (“Integrity Square”) to conduct a search for franchise organizations in need of operational, management or financial improvements. The search will focus on growing franchise companies that have at least 50 franchises but are unable to realize their full potential due to management issues, franchisee relationship problems or lack of capital.
“We are excited to tap into Integrity Square’s network and build new relationships in the franchise space,” said FGG President Evan Hackel. “Integrity Square’s ability to raise capital and experience working with franchise operators will enable FGG to provide a full range of solutions for franchise operators looking to turnaround their businesses.”
FGG looks to acquire or invest in turnaround franchise opportunities that can benefit from its management talent and capital, turning them into highly successful organizations poised for significant growth with positive cash flow and earnings. Franchise Growth Group considers acquisitions that require full ownership or allow it to become a major investor.
Hackel is a proven business entrepreneur and has run numerous businesses in the franchise area. He is well known for his ability to engage the hearts and minds of key employees and business partners, turn around ailing companies, and create new, successful startup ventures. Hackel has extensive knowledge in the franchising arena, having worked with CCA Global Partners, a management company for 15 affiliated co-operatives, franchises and licensed businesses in the flooring, lighting, bicycle retailing, and mortgage lending industries.
“At Integrity Square, we have a deep investment banking background in the franchise segment and an extensive network of entrepreneurs, family-owned businesses, seasoned executives and private equity clients from which to search for candidates for FGG,” commented Pete Moore, managing partner of Integrity Square. “We believe that FGG fills an important need in the franchise marketplace and struggling franchise firms would greatly benefit from Evan and his team’s expertise.”
For more information on Franchise Growth Group, please visit www.franchisegrowthgroup.com
About Integrity Square, LLC:
Integrity Square LLC is a result-driven financial and strategic advisory boutique that has expertise in providing capital raising and sell-side advisory services to companies operating in the consumer products, franchising, action/impact sports, digital media and software, direct selling/MLM, natural foods, vitamins and beverages, and health, and fitness and wellness industries. Integrity Square’s mission is to partner with passionate entrepreneurs and great companies, act as a trusted advisor and assist clients in finding the right sources of capital. For more information on Integrity Square, please visit www.integritysq.com.