Trivest Partners Signs Deal with Massage Envy to Acquire and Build 75 Franchise Locations
Trivest Partners and Massage Envy, the leading provider of therapeutic massage and skin care services collectively across its franchise network, are pleased to announce a new multi-unit agreement. Trivest Partners (Trivest) has signed on to own and operate 75 Massage Envy franchises through the purchase of existing franchise locations and the development of new franchise locations.
Leading the charge of opening and acquiring a total of 75 Massage Envy locations is Robert Fish, who has spent two decades in leadership roles at Massage Envy and Kinko’s/FedEx Office. Most recently, he served as the Vice President of National Operations at the Massage Envy corporate office, making him exceptionally suited to lead Trivest into Massage Envy ownership.
Trivest and Fish are partnering with longtime multi-unit franchisees Todd Recknagel and Kristi Mailloux and their company National Envy Development to jumpstart growth. Recknagel and Mailloux will continue to grow Massage Envy with their investment in the partnership with Trivest; the two will serve on the Board and remain franchisees in the system.
Along with National Envy Development’s seven locations, Trivest also recently acquired 21 Massage Envy locations around Chicago and Phoenix. The holding company will work toward adding nearly 50 additional units to the portfolio by focusing on growing in Arizona, D.C., Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Virginia, West Virginia and Wisconsin.
For more information, visit www.massageenvy.com/own-a-franchise.