Todd Wadler, CEO and co-founder of the tiny BoxUnion, got a call from John Rotche last September. Rotche, CEO of Title Boxing Club, the boxing chain heavyweight in the franchise space with 166 units, was looking for potential acquisitions to grow his company.
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The new owners of Title Boxing Club were still processing their purchase of the 166-unit franchise, the industry's heavyweight, when reached this week. It's an improbably major acquisition for two M&A first-timers (as principals, that is) whose own company, the three-year-old BoxUnion based in Los Angeles, has only three stores.