M&A Deal Summary

Propelled Brands Acquires Suite Management Franchising

On June 29, 2021, Propelled Brands acquired consumer services company Suite Management Franchising

Acquisition Highlights
  • This is Propelled Brands’ 1st transaction in the Consumer Services sector.
  • This is Propelled Brands’ 2nd transaction in the United States.
  • This is Propelled Brands’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2021-06-29
Target Suite Management Franchising
Sector Consumer Services
Buyer(s) Propelled Brands
Deal Type Add-on Acquisition

Target

Suite Management Franchising

Metairie, Louisiana, United States
Suite Management Franchising is a parent company of MY SALON Suite and Salon Plaza, is the latest concept in the beauty services industry bringing together a collection of independent beauty professionals in one luxurious location. Ken and Alanna McAllister opened the first MY SALON Suite in Metairie, Louisiana in 2010. By 2012, they had three locations in Louisiana and Florida, and since then, the franchise has expanded across North America. They help franchise owners successfully build, open and manage upscale private salon suite facilities for highly qualified, established beauty service professionals, who are ready to make an investment in themselves and their professional success by running their own salon business. Suite Management Franchising was formed in 2010 and is based in Metairie, Louisiana.

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Buyer(S) 1

Buyer

Propelled Brands

Carrollton, Texas, United States
Category Company
Founded 2021
Sector Business Services
DESCRIPTION

Propelled Brands is a corporate umbrella of FASTSIGNS, SIGNWAVE, and NerdsToGo. Focused on service-oriented franchises, the Propelled Brands team assists each brand in its portfolio to confidently navigate forward based on its unique position, momentum, and purpose. The company advances the strategic path for each brand, offering support, guidance, and a clear vision to fully equip every franchisee, helping them maximize success. Propelled Brands was founded in 2021 and is based in Carrollton, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Consumer Services) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Louisiana) 1 of 1
Country (United States) 2 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 FASTSIGNS

Carrollton, Texas, United States

FASTSIGNS is a franchisor of signage and visual graphics products and services, serving more than 650,000 businesses. The Company is 100% franchised, with more than 700 locations worldwide. FASTSIGNS locations sell a broad set of graphics-related products, including signs, custom visual communications, interior décor, architectural signage, vehicle graphics, and digital signs, and offer a variety of value-added services, including consulting, surveying, permitting, and installation. FASTSIGNS was founded in 1985 and is based in Carrollton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Camp Bow Wow

Westminster, Colorado, United States

Camp Bow Wow is a doggy daycare and boarding franchise. Dogs romp together in an open-play environment and snooze the night away in a spacious individual cabin. In addition to daycare and overnight boarding, the company offers personalized enrichment opportunities, grooming services and a rewards-based dog training program. The Camp Bow Wow brand family also includes the Bow Wow Buddies Foundation®, a 501(c)(3) nonprofit organization dedicated to providing urgent medical care funds to dogs who are homeless or whose parents cannot afford to pay their veterinary bills. Camp Bow Wow was founded in 2000 and is based in Westminster, Colorado.

Buy -
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