Investment Summary

Princeton Equity Group and LNC Partners Invest In Stretch Zone

On April 3, 2023, private equity firms Princeton Equity Group and LNC Partners invested in franchising company Stretch Zone

Investment Highlights
  • This is Princeton Equity Group’s 4th and LNC Partners’ 1st transaction in the Franchising sector.
  • This is Princeton Equity Group’s 8th and LNC Partners’ 41st transaction in the United States.
  • This is Princeton Equity Group’s 1st and LNC Partners’ 3rd transaction in Florida.

Investment Summary

Date 2023-04-03
Target Stretch Zone
Sector Franchising
Investor(s) Princeton Equity Group
LNC Partners
Deal Type Growth Capital
Advisor(s) Boxwood Partners (Financial)
Holland & Knight (Legal)

Target

Stretch Zone

Fort Lauderdale, Florida, United States
Stretch Zone is a franchisor focused on stretch therapy solutions and the only company that combines a proprietary stretch method with patented stretching equipment (Stretch Zone Stabilization System) to improve muscle function throughout the body. Stretch Zone was founded in 2004 and is based in Fort Lauderdale, Florida.

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Investor(S) 2

DESCRIPTION

Princeton Equity Group is a private equity firm focused on investing in franchisor and multi-unit businesses where it can assist with franchisee development, marketing, human capital, and real estate strategies. Franchisor categories of interest include consumer, healthcare, and business services. Princeton Equity Group was formed in 2019 and is based in Princeton, New Jersey.


DEAL STATS #
Overall 8 of 9
Sector (Franchising) 4 of 4
Type (Growth Capital) 6 of 7
State (Florida) 1 of 2
Country (United States) 8 of 9
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-03 Five Star Franchising

Springville, Utah, United States

Five Star Franchising is a group of franchised brands that includes Five Star Bath Solutions, Joe Homebuyer, Gotcha Covered, Bio-One, 1-800 Packouts, 1-800 Textiles and Mosquito Shield. Five Star Franchising was founded in 2009 and is based in Springville, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 Pirtek USA

Rockledge, Florida, United States

Pirtek USA franchisees provide hydraulic and industrial hose maintenance and replacement services through on-site mobile and service centers. Pirtek has a 1-hour ETA for on-site hose service and is available 24/7/365 to minimize equipment downtime and eliminate the need for customers to leave their job sites or facilities. Pirtek USA was founded in 1998 and is based in Rockledge, Florida.

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Investor

LNC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.


DEAL STATS #
Overall 41 of 44
Sector (Franchising) 1 of 1
Type (Growth Capital) 17 of 20
State (Florida) 3 of 3
Country (United States) 41 of 44
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 OutSolve

Metairie, Louisiana, United States

OutSolve is a provider of comprehensive affirmative action planning and compliance solutions to help federal contractors meet the full requirements of Executive Order 11246, The Vietnam Era Veteran Readjustment Assistance Act, and Section 503 of the Rehabilitation Act of 1973, among other regulations. OutSolve was founded in 1998 and is based in Metairie, Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Team Air

Nashville, Tennessee, United States

Team Air is a wholesale distributor of HVAC equipment, parts and supplies to residential and commercial contractors in the Southeast US. Team Air is based in Nashville, Tennessee.

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