Whenever we undergo a dramatic economic change, there is a lot of movement of capital. In the past 10 years in franchising, we’ve seen a lot of outside investment capital (which I’ll refer to here as PE) move into brand acquisitions. Initially, and for the most part, this was done as one-off acquisitions. More recently, […]
The merger and acquisitions (M&A) activity in North America has continued its pace in 2019, with 4,754 deals worth $849.7 billion closing in the first half of 2019. Dozens of mega-deals have been announced, potentially setting up a healthy back half of the year as well. The popularity of PE as an asset class has […]
Recent years have witnessed tremendous growth in the number of units owned by franchisees that own more than one franchise business/location (multi-unit operators). The growth story has never been more prominent than with the rising share of franchised units controlled by large multi-unit operators, i.e. those that own more than 50 units. These “multi-unit moguls” […]