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Home care technology and operations platform Honor Technology acquired Home Instead Senior Care, a home care franchise with more than 1,000 units in the U.S., U.K. and Canada. Financial terms were not released. The 27-year-old Home Instead network will operate under its same name as a subsidiary of Honor, and Jeff Huber will continue to lead the company as CEO and will report to Honor CEO Seth Sternberg. The combined organization has more than $2.1 billion in revenue, and Honor will expand offerings for Home Instead's caregivers and clients and “substantially increase its investment in research and development through engineering and technology,” according to the company. Read more coverage about this deal here. 

Susquehanna Private Capital, which invested in home services franchisor Premium Service Brands this spring, has made a minority investment in College HUNKS Hauling Junk & Moving. Two former International Franchise Association chairs—David Barr and BrightStar Care CEO Shelly Sun—also made an investment in the 160-unit franchise founded by two college buddies out of a cargo van. Though terms of the deal were not disclosed, co-founders Omar Soliman and Nick Friedman will remain as top “visionaries” of the brand, with Roman Cowan as brand president. The moving and junk company added 40 new franchisees in 2020 and saw systemwide revenue growth of 17 percent year over year.

New York City-based CityRow, a fitness franchise offering rowing classes in studio and digitally at home, raised $12 million in a Series A round, led by JW Asset Management and including Sol Global and K2. “We continue to build out the opportunity. This is something that we have been talking about for quite some time. As you know, growing a business requires capital, and often requires investment ahead of time, particularly when you’re investing in technology,” said Founder and CEO Helaine Knapp. “We want to accelerate that tech expansion, and expand the omnichannel” offerings. —Beth Ewen

Austin, Texas-based F45 Training began trading on the New York Stock Exchange under the ticker FXLV on July 15 and raised $300 million, selling 18.75 million shares in its initial public offering which was priced at $16 a share. The fitness franchisor, backed by actor and producer Mark Wahlberg, is led by Adam Gilchrist and has more than 2,000 franchises open in 63 countries. The brand has received investments from other famous names such as David Beckham, Earvin "Magic" Johnson Jr., Greg Norman and Cindy Crawford. F45 will use the net proceeds from the public offering to repay debts and pay for their acquisition of the Flywheel indoor cycling studio business. The company initially tried to go public in 2020 via a merger with a SPAC sponsored by Crescent Acquisition Corp., but the deal fell through last October. F45, which has 50 locations in colleges and three in high schools, plans to expand its footprint in those nontraditional spaces including military bases.

Tony Roma’s has a new owner and company leader. The rib chain with 100 restaurants in 22 countries has been acquired by Equity Investors of New England. The investment firm named Ramon Bourgeoisas chief operating officer of Romacorp, Tony Roma’s operator, plus acting CEO—replacing John Briscoe. Terms of the deal were not disclosed, but Equity Investors said it plans to expand the nearly 50-year-old casual dining brand, which only has eight locations in the U.S. Tony Roma’s had $17.3 million in systemwide sales in 2020, according to Technomic, and decreased in units by 56.3 percent.

In its second acquisition within the last six months, WellBiz Brands will buy Lunchbox Wax, a 49-unit speed-waxing salon franchise. This will mark 750 beauty business locations under the WellBiz umbrella, including Elements Massage, Amazing Lash Studio Fitness Together and Drybar, which WellBiz bought in February. Debi Lane, founder of Lunchbox Wax, will remain on the team as a strategic advisor through the transition. LunchboxWax signed more than 30 franchise agreements since March 2010 and added more than 10 new franchisees.

Quiznos’ parent High Bluff Capital Partners entered into an agreement to buy Atlanta-based Church’s Chicken from FFL Partners. The QSR chicken chain has more than 1,500 restaurants in 26 countries and trades outside of North America and Asia as “Texas Chicken.” The brand expects to open more than 100 new stores in the next year. Joe Christina will continue leading Church’s Chicken as CEO, and though details of the transaction weren’t disclosed, the deal is expected to close in the third quarter of 2021. Sales at Church’s Chicken fell 14.8 percent in 2020, and decreased in units by nearly 10 percent, according to Technomic. Investment firm High Bluff created Rego Restaurant Group in 2018 when it acquired fast casual chains Quiznos and Taco Del Mar.

The Riverside Co.’s platform Threshold Brands—a multi-brand franchisor—has acquired Plumbing Heating Paramedics and plans to begin franchising the concept immediately. This deal also marks Threshold’s entry into plumbing and HVAC franchising and the sixth company under their umbrella, including MaidPro, FlyFoe, Men in Kilts, Pestmaster and USA Insulation—totaling more than 400 locations in North America. The Riverside Co. launched Threshold Brands in April to target trade services franchises. Riverside was the backer of Neighborly, formerly called The Dwyer Group, which it owned during two different periods. Plumbing Heating Paramedics, a founder-owned and operated HVAC repair system brand, was created in Indianapolis in 2011 by Ryan Carpenter. 

Quality Restaurant Group bought 12 Sonic Drive-In locations in the greater Jacksonville, Florida area. QRG’s QualityDrive-In division will take over operations of the restaurants and real estate, which it formed exclusively to own and operate Sonic Drive-Ins. Greensboro, North Carolina-based QRG owns and operates more than 350 restaurants, including 67 Moe’s Southwest Grill restaurants in Florida, South Carolina, Virginia, Maryland and District of Columbia; nearly 200 Pizza Hut restaurants in Illinois, Indiana, Maryland and Pennsylvania; 27 Arby’s locations in Colorado, Montana, Nebraska, Wyoming and South Dakota; 76 Sonic Drive-in restaurants in Florida and Alabama.

Three separate operators sold 10 Ohio KFC restaurants to KBP Brands, an existing franchisee. Linda Dempsey, Alessio DiFranco, Greg Federico and John Federico sold their fried chicken shops to KBP leader Mike Kulp, who won a Dealmakers award in 2017 for becoming the largest domestic KFC franchisee with its purchase of 91 KFC and Taco Bell restaurants from Star Partner Enterprises. Unbridled Capital provided sell-side advisory services to the three Ohio-based KFC operators.

Belfor Franchise Group, a large residential and commercial services franchise group, has acquired waste management solutions company Redbox+ and its nearly 300 franchise units nationwide. Redbox+ offers a rentable combination dumpster roll-off and portable toilet container for commercial, industrial and residential project job sites. Last year, Belfor added drywall repair company The Path Boys under its umbrella, which also includes 1-800 Water Damage, Chem-Dry Carpet & Upholstery Cleaning, Delta Restoration Services, Ductz International, Hoodz International, N-Hance Wood Refinishing, Packoutz and Z Plumerz. Boxwood Partners provided sell-side advisory services to RedBox+ for the deal.

BBQ Holdings, the parent of Famous Dave’s and Granite City Food & Bakery, announced it closed on its $13.5 million deal to buy Village Inn and Baker’s Square. The acquisition adds nearly 150 restaurants to the BBQ Holdings’ portfolio, which also acquired Granite City Food and Brewery out of bankruptcy early last year. Village Inn has 21 company-owned restaurants and 114 franchised locations, while Bakers Square has 13 company-owned restaurants.

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