FRG - Mergers and acquisitions

Leading Pet Retailer to Strengthen Presence in the Northeastern U.S. for Pet Supplies Plus and Wag N' Wash LIVONIA, Mich., March 2, 2023 /PRNewswire/ -- Pet Supplies Plus ("PSP" or the "Company"), the largest independent pet retailer in North America with over 660 stores in 41 states, and Wag N' Wash, the emerging grooming, self-wash,  and natural pet food franchise, are expanding in the Northeastern United States through their latest acquisition of 20 Loyal Companion Pet Stores from their Parent Company, Independent Pet Partners. Of these twenty stores located in MA, MD, ME, NH, and VA, ten will be Pet Supplies Plus stores and ten will be Wag N' Wash stores.

DELAWARE, Ohio, June 21, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group," "FRG" or the "Company") today announced that it has completed the sale-leaseback of all three W.S. Badcock Corporation ("Badcock") distribution centers for gross proceeds of approximately $150 million to affiliates of Oak Street Real Estate Capital, a division of Blue Owl Capital ("Oak Street"). "Oak Street has proven to be a trustworthy partner throughout our sale leaseback process," said Brian Kahn, President and CEO of Franchise Group. "We are pleased to close the sale of the Badcock distribution centers and retire the balance of our acquisition term loan with the cash proceeds." F

•  Sale of Badcock Distribution Centers and Headquarters Expected to Close During Current Quarter •  Proceeds from All Real Estate Sales to Pay Off Balance of $175 Million Acquisition Financing DELAWARE, Ohio, March 31, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group," "FRG" or the "Company") today announced that it has completed the sale-leaseback of 35 retail W.S. Badcock Corporation ("Badcock") locations for gross proceeds of approximately $94 million. The 35 locations are comprised of corporate and dealer owned locations.   FRG expects to complete the sale-leaseback of Badcock's distribution centers and corporate headquarters during its fiscal second qu

LIVONIA, Mich., Feb. 23, 2022 /PRNewswire/ -- Pet Supplies Plus, ("PSP" or the "Company") the largest independent pet retailer in North America with over 600 stores in 39 states, announced today it has acquired Wag N' Wash, an emerging natural pet food, self-wash, and grooming franchise with over 15 locations. Each brand will continue to operate as separate entities, providing pet product knowledge, personalized service and a distinct playful, local shopping experience in their respective communities. All Wag N' Wash corporate team members will remain at Wag Central and conti

Transaction Expected to be Immediately Accretive to EarningsFurther Diversification into Consumer ServicesEnters the $20 Billion Growing Educational Services Industry DELAWARE, Ohio, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that it has completed the acquisition of Sylvan Learning ("Sylvan"), a leading tutoring franchisor for Pre-K-12 students and families in the U.S., in an all cash transaction valued at approximately $81 million (the "Transaction").   The Transaction was financed with available cash.   Founded in 1979 and headquartered in Hunt Valley, Maryland, Sylvan is an established and growing franchis

Over 30 FFO Home Stores to Rebrand to American Freight  One-Stop-Shop Home Retailer American Freight Expands its National Footprint while Saving Local Jobs ORLANDO, Fla., Dec. 28, 2020 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced it has completed the acquisition of FFO Home (“FFO Home”), a regional retailer of furniture and mattresses. Starting immediately, over 30 FFO Home stores throughout the Midwest will be rebranded to American Freight Furniture, Mattress, Appliance. In addition, FFO Home customers will be automatically redirected to the American Freight website for online shopping. The converted stores will offer affor