M&A Deal Summary

Kingswood Capital Management Acquires Vitamin Shoppe

On May 20, 2025, private equity firm Kingswood Capital Management acquired retailer Vitamin Shoppe from Franchise Group

Acquisition Highlights
  • This is Kingswood Capital Management’s 5th transaction in the Retail sector.
  • This is Kingswood Capital Management’s 17th transaction in the United States.
  • This is Kingswood Capital Management’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2025-05-20
Target Vitamin Shoppe
Sector Retail
Buyer(s) Kingswood Capital Management
Sellers(s) Franchise Group
Deal Type Divestiture

Target

Vitamin Shoppe

Secaucus, New Jersey, United States
Vitamin Shoppe is a specialty retailer and direct marketer of vitamins, minerals, and nutritional supplements, offering a broad line of products at discounts to list prices. Vitamin Shoppe was founded in 1977 and is based in Secaucus, New Jersey.

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Buyer(S) 1

DESCRIPTION

Kingswood Capital Management is an operationally focused private equity firm focused on complex situations throughout North America. The Firm targets control positions in middle-market companies with revenues of $100 to $500 million. Sectors of interest include business services, consumer, retail, energy, industrials, technology, media, communications, and value-added distribution. Kingswood Capital Management was established in 2013 and is based in Los Angeles, California.


DEAL STATS #
Overall 20 of 22
Sector: Retail M&A 5 of 5
Type: Divestiture M&A Deals 9 of 10
State: New Jersey M&A 1 of 1
Country: United States M&A 17 of 19
Year: 2025 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 IDX

Beaverton, Oregon, United States

IDX is a provider of identity protection and data breach services for companies and individuals throughout the U.S. It combines consumer-centric software and concierge-style professional services in serving organizations across government, healthcare, commercial enterprises, financial institutions, and higher education. IDX was founded in 2003 and is based in Beaverton, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-16 Drive DeVilbiss Healthcare

Port Washington, New York, United States

Drive DeVilbiss Healthcare manufactures a complete line of medical products, including mobility products, sleep and respiratory products, beds, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, self-assist products, power operated wheelchairs, rehabilitation products, patient room equipment, personal care products and electrotherapy devices. Drive DeVilbiss Healthcare was founded in 2000 and is based in Port Washington, New York.

Buy -

Seller(S) 1

SELLER

Franchise Group

Milpitas, Virginia, United States

Category Company
Founded 1993
Sector Consumer Services
Employees4
Revenue 2.2B USD (2020)
DESCRIPTION

Franchise Group is a growing North American tax preparation company with over 2,800 stores open in the U.S. and Canada during the 2008 tax season. Franchise Group was founded in 2010 and is based in Milpitas, California.


DEAL STATS #
Overall 4 of 4
Sector: Retail M&A 2 of 2
Type: Divestiture M&A Deals 4 of 4
State: New Jersey M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 Sylvan Learning

Towson, Maryland, United States

Sylvan Learning is a tutoring franchisor for Pre-K-12 students and families in the U.S. The company addresses the full range of student needs with a broad variety of academic curriculums delivered in an omnichannel format. It has a growing footprint and currently has more than 700 locations, in 49 states, including more than 560 physical centers, of which all but six are franchised. Sylvan’s omnichannel platform has helped deliver attractive unit economics to its franchisees. The platform provides franchisees with the ability to provide a range of services, including on-premises, online, one-on-one, and in-group tutoring. Sylvan Learning was founded in 1979 and headquartered in Towson, Maryland.

Sell -