Prospect Hill

INDUS Announces 2022 Fourth Quarter Leasing, Pipeline and Corporate Updates

Retrieved on: 
Monday, January 9, 2023

During the 2022 fourth quarter, the Company completed the sale of its office/flex portfolio, including a small storage building used in the operations of the portfolio (the “Office/Flex Portfolio”), for a sale price of $11.0 million.

Key Points: 
  • During the 2022 fourth quarter, the Company completed the sale of its office/flex portfolio, including a small storage building used in the operations of the portfolio (the “Office/Flex Portfolio”), for a sale price of $11.0 million.
  • With the disposition of the Office/Flex Portfolio, INDUS is now a pure-play industrial/logistics real estate business with a modern portfolio located in select high-growth markets.
  • Additionally, INDUS entered into an agreement to sell approximately 11.5 acres in Windsor, Connecticut (“825 Prospect Hill”) for $1.8 million.
  • During the 2022 fourth quarter, INDUS announced that its Board of Directors declared a cash dividend of $0.18 per share of common stock, which will be payable on January 17, 2023 to stockholders of record on December 30, 2022.

Fitness Ventures LLC Acquires T&N Investments, LLC and their 4 Crunch Fitness Locations in Louisville Kentucky, Growing the Franchise to 35 Locations

Retrieved on: 
Wednesday, October 5, 2022

ORLANDO, Fla., Oct. 5, 2022 /PRNewswire/ -- Fitness Ventures LLC, One of Crunch Fitness' fastest growing franchisees, announced today the acquisition of all 4 of the Louisville, KY Crunch Fitness locations.

Key Points: 
  • ORLANDO, Fla., Oct. 5, 2022 /PRNewswire/ -- Fitness Ventures LLC, One of Crunch Fitness' fastest growing franchisees, announced today the acquisition of all 4 of the Louisville, KY Crunch Fitness locations.
  • "Expanding into Louisville is particularly exciting for us," stated Brian Hibbard, CEO of Fitness Ventures.
  • The acquisition fast tracks Fitness Ventures already aggressive growth, with plans to open around 15 locations per year for the foreseeable future.
  • Founded in 2016 by Brian Hibbard, Fitness Ventures, LLC is one of the fastest growing franchisees within the Crunch Fitness system.

Orangetheory Fitness Franchisee Honors Holdings Announces Acquisitions and Team Promotions

Retrieved on: 
Tuesday, September 6, 2022

Honors Holdings, LLC (Honors), the worlds largest Orangetheory Fitness franchisee announced today the acquisition of the Area Development Rights and four owned studios in Tennessee and Northern Mississippi.

Key Points: 
  • Honors Holdings, LLC (Honors), the worlds largest Orangetheory Fitness franchisee announced today the acquisition of the Area Development Rights and four owned studios in Tennessee and Northern Mississippi.
  • Honors Holdings manages 200 Orangetheory Fitness studios excluding future development opportunities; 137 studios are owned and operated across 13 states and 63 studios are managed by sub-franchisees within its territories.
  • Founded by Jamie Weeks in 2014, Honors has quickly grown to become the largest franchisee in the Orangetheory Fitness system.
  • Honors Holdings is the largest franchisee in the Orangetheory Fitness system with 137 owned and operated studios across 13 states and 63 studios managed as Area Representative.

BGL Announces the Sale of MOTIS Brands

Retrieved on: 
Thursday, July 7, 2022

CHICAGO, July 7, 2022 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of MOTIS Brands (MOTIS), a portfolio company of Rotunda Capital Partners, to Prospect Hill Growth Partners (PHGP).

Key Points: 
  • CHICAGO, July 7, 2022 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of MOTIS Brands (MOTIS), a portfolio company of Rotunda Capital Partners, to Prospect Hill Growth Partners (PHGP).
  • MOTIS is a vertically integrated direct-to-consumer (DTC) and omni-channel manufacturer and marketer of branded products in the loading, hauling, mobility, automotive, and recreational segments.
  • The MOTIS family of brands includes discountramps.com, Race Ramps, Black Widow Pro, HD Ramps, Silver Spring Mobility, Elasco Products, Pier d' Nort, and MAC's Custom Tie Downs.
  • Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market.

Fitness Ventures LLC adds VP of Construction to their All-Star Team

Retrieved on: 
Wednesday, May 25, 2022

Headquartered in Altamonte Springs, FL, one of the fastest growing franchisees in the Crunch Fitness system announced today the hiring of Jay Thomas as their new VP of Construction.

Key Points: 
  • Headquartered in Altamonte Springs, FL, one of the fastest growing franchisees in the Crunch Fitness system announced today the hiring of Jay Thomas as their new VP of Construction.
  • Jay Thomas brings unparalleled experience in overseeing the construction of various businesses across the U.S., holds several General Contractor licenses across different states and regions across the U.S.
    "We are extremely excited to welcome Jay Thomas to the Fitness Ventures team", said Brian Hibbard, founder, and CEO of Fitness Ventures.
  • "The Fitness Ventures management team has demonstrated the ability to maintain a rapid growth rate, all while executing on a strategy that continues to deliver industry leading results.
  • Founded in 2016 by Brian Hibbard, Fitness Ventures, LLC is one of the fastest growing franchisees within the Crunch Fitness system.

Prospect Hill Growth Partners Acquires MOTIS Brands

Retrieved on: 
Tuesday, May 24, 2022

Prospect Hill Growth Partners ("PHGP"), a private equity firm focused on North American consumer and healthcare growth companies, is pleased to announce its acquisition of MOTIS Brands from Rotunda Capital Partners.

Key Points: 
  • Prospect Hill Growth Partners ("PHGP"), a private equity firm focused on North American consumer and healthcare growth companies, is pleased to announce its acquisition of MOTIS Brands from Rotunda Capital Partners.
  • We are very excited about our new partnership with Prospect Hill, said Rich Spratt, CEO of Motis Brands.
  • The investment in MOTIS Brands also represents the seventh investment in Prospect Hill Growth Fund II, LP.
  • Prospect Hill Growth Partners ( www.prospecthillgrowth.com ) is a Boston-area private equity firm that makes control equity investments in North American consumer and healthcare growth companies.

Dogtopia Signs Largest Franchise Agreement in Company History

Retrieved on: 
Tuesday, March 1, 2022

The fast-growing dog daycare and wellness franchise is kicking off 2022 in an impressive way, announcing today it has secured the largest franchise agreement in company history, which will bring 60 new locations to cities across the U.S. over the next several years.

Key Points: 
  • The fast-growing dog daycare and wellness franchise is kicking off 2022 in an impressive way, announcing today it has secured the largest franchise agreement in company history, which will bring 60 new locations to cities across the U.S. over the next several years.
  • "We believe this large-scale agreement with PHGP validates Dogtopia's compelling unit economics for single and multi-unit franchise partners to grow with us in other available territories."
  • "After opening three successful daycares, I am looking forward to growing even more with Dogtopia over the next several years," said Weeks.
  • Legacy Franchise Concepts (LFC), a partner of Prospect Hill Growth Partners, invests in health, wellness and lifestyle brands across the franchise landscape.

Prospect Hill Growth Partners, Jamie Weeks form Legacy Franchise Concepts

Retrieved on: 
Tuesday, March 1, 2022

ATLANTA, Ga., March 1, 2022 /PRNewswire/ -- Prospect Hill Growth Partners ("PHGP"), in partnership with Jamie Weeks, announce the formation of Legacy Franchise Concepts ("LFC"), a multi-brand platform focused on high-growth, multi-site consumer services concepts.

Key Points: 
  • ATLANTA, Ga., March 1, 2022 /PRNewswire/ -- Prospect Hill Growth Partners ("PHGP"), in partnership with Jamie Weeks, announce the formation of Legacy Franchise Concepts ("LFC"), a multi-brand platform focused on high-growth, multi-site consumer services concepts.
  • "Prospect Hill Growth Partners is the preferred partner to CEOs and founders in the health, wellness and lifestyle space," says Weeks.
  • Legacy Franchise Concepts (LFC), a partner of Prospect Hill Growth Partners, invests in health, wellness and lifestyle brands across the franchise landscape.
  • Prospect Hill Growth Partners ( www.prospecthillgrowth.com ) is a Boston-area private equity firm that makes control equity investments in North American consumer and healthcare growth companies.

Prospect Hill Growth Partners, Jamie Weeks Form Legacy Franchise Concepts

Retrieved on: 
Tuesday, March 1, 2022

Prospect Hill Growth Partners (PHGP), in partnership with Jamie Weeks, announce the formation of Legacy Franchise Concepts (LFC), a multi-brand platform focused on high-growth, multi-site consumer services concepts.

Key Points: 
  • Prospect Hill Growth Partners (PHGP), in partnership with Jamie Weeks, announce the formation of Legacy Franchise Concepts (LFC), a multi-brand platform focused on high-growth, multi-site consumer services concepts.
  • Prospect Hill Growth Partners is the preferred partner to CEOs and founders in the health, wellness and lifestyle space, says Weeks.
  • Legacy Franchise Concepts (LFC), a partner of Prospect Hill Growth Partners, invests in health, wellness and lifestyle brands across the franchise landscape.
  • Prospect Hill Growth Partners ( www.prospecthillgrowth.com ) is a Boston-area private equity firm that makes control equity investments in North American consumer and healthcare growth companies.