Cleco's IFPG Acquisition Signals New Era in Franchise Connectivity and Growth
- IFPG, acquired by CNL Strategic Capital, enhances its capabilities for growth in the competitive franchise sector.
- The acquisition follows IFPG's recognition as the No. 1 franchise broker network by Entrepreneur magazine for six consecutive years.
- With CNL's investment, IFPG aims to expand its service offerings and influence in the franchise market.
Strategic Transition for IFPG: A New Era in Franchise Connectivity
International Franchise Professionals Group (IFPG), the largest tech-enabled membership network in the franchise sector, embarks on a transformative new chapter following its recent acquisition by CNL Strategic Capital, sub-managed by Levine Leichtman Capital Partners (LLCP). Founded in 2012 by CEO Don Daszkowski, IFPG has established itself as a pivotal resource for franchisors, franchise consultants, and vendors. This acquisition marks a critical milestone in the company’s trajectory, enhancing its capabilities and positioning it for continued growth within an increasingly competitive landscape.
The partnership with CNL Strategic Capital comes on the heels of IFPG's impressive track record, highlighted by being named the No. 1 franchise broker network by Entrepreneur magazine for six consecutive years. This accolade underscores the company's commitment to excellence and innovation in the franchise industry. The support from Princeton Equity Group since 2022 has further accelerated IFPG's growth, allowing it to expand its reach and bolster its resources. As the franchise sector evolves, this acquisition positions IFPG to leverage its established network and expertise to meet the changing needs of its clients and stakeholders.
Brian Alas, Managing Partner at Boxwood Partners, expresses pride in facilitating this significant transaction, recognizing the essential role that IFPG plays within the franchise ecosystem. The collaboration with Boxwood has proven vital, as the firm has built expertise in the franchise services sector by advising on multiple transactions over the past three years. Daszkowski acknowledges this partnership, emphasizing the dedication of his team and advisors throughout the sale process. With CNL Strategic Capital's investment, IFPG is poised to enhance its service offerings and expand its influence in the franchise market.
In related news, Boxwood Partners continues to solidify its reputation as a leading advisory firm in the franchise services sector. The successful sale of IFPG is just one of several transactions the firm has navigated, reflecting Boxwood's growing prominence in advising innovative companies within this space. As the franchise industry continues to adapt, the strategic focus of firms like IFPG and the support from advisory partners will be critical to maintaining leadership and fostering growth.
Overall, this acquisition not only signals a promising future for IFPG but also exemplifies the dynamic nature of the franchise industry, where innovation and strategic partnerships remain key to sustained success.