HAMILTON, Bermuda & NEW YORK--(BUSINESS WIRE)--Tucker’s Farm Group (“Tucker’s Farm” or the “Farm”), a Bermuda based investment holding vehicle, today announced the sale of its minority stake in VIO Med Spa (“VIO”), the country’s leading medical spa franchisor.
In July 2022, Tucker’s Farm and its affiliates made a structured minority investment in VIO to help fund its nationwide expansion, bolster the company’s talent pool, expand training and education, and develop additional corporate-owned locations.
Founded in 2017 in Strongsville, Ohio, VIO is an industry leader in wellness and aesthetics, offering cutting-edge technologies and treatments. Every location provides a first-class experience and adheres to the company motto: delivering safe, easy, and life-changing results. Regarding the partnership, Nick Stanoszek, VIO’s Co-Founder, remarked:
"We liked Kyle’s strong background in franchising, his investing experience at Apollo and Viking, and his creativity in providing a flexible capital solution that got the company growth investment it needed while minimizing dilution for the founding shareholder group.”
“It has been a pleasure to work with Joe, Nick, Ryan Rose and Ryan Rao. We believed in the team’s passion and vision for the Company, and we’ve been impressed with the tremendous growth the VIO team has achieved since our investment. We are excited to see where VIO goes in its next chapter," said Adam Lewin, Partner at Tucker’s Farm and CEO of Tucker’s Farm subsidiary Wonder Franchises.
Houlihan Lokey served as financial advisor and Lathrop GPM acted as legal counsel to Tucker’s Farm.
About Tucker's Farm Group
Tucker’s Farm Group is a value-oriented holding vehicle based in Bermuda. Founded in 1994 as a small goat dairy, the Farm has grown into a family of companies across industries and geographies. Capitalized with a long-term equity base, the Farm seeks to find and compound cash flows through highly active M&A strategies. For more information, please visit www.tuckersfarm.com.
About Wonder Franchises
Wonder Franchises is a holding company subsidiary of Tucker’s Farm led by CEO Adam Lewin. Founded in 2023 with committed capital from Tucker’s Farm and select institutional partners, Wonder Franchises is dedicated to aggregating emerging franchisors, franchisees and select multi-site retail assets. Wonder Franchises seeks to be a long-term home for a world-class portfolio of brands and related assets. For more information, please visit www.wonderfranchises.com.
About VIO Med Spa
Launched in 2017, VIO Med Spa has established itself as the leading franchisor of pure-play branded med spas in the U.S. with a full-service med spa offering focused on delivering a tailored client experience. Based in Medina, Ohio, the brand was founded on the philosophy that customers deserve transparent, credible and full-service care for their aesthetics and wellness needs. VIO provides elevated and innovative aesthetic services for both men and women that empower, enhance natural beauty, and inspire confidence. VIO's services include wrinkle relaxer injectables, dermal fillers, skin rejuvenation, body contouring, spa treatments and wellness solutions.