L2 Capital acquires FrandDevCo

Full Spectrum Franchise Consulting, a portfolio company of L2 Capital private equity, has acquired FranDevCo (FDC).

FDC is a franchise development and sales organization. Financial terms of the acquisition were not disclosed.

Additionally, Rob Weddle, former CEO of Authority Brands; and Patrick Galleher, CEO and managing partner of Boxwood Partners; have been appointed as independent board members of Full Spectrum Franchise Consulting.

Weddle brings over 20 years of experience in the franchising industry. Weddle led the creation of Authority Brands, driving its expansion through 11 brand acquisitions. Galleher has led more than 70 sell-side transactions and played an instrumental role in over 35 franchisor deals.

The Full Spectrum portfolio of franchise solution brands includes iFranchise Group, TopFire Media, and now FranDevCo.

Since its founding, FranDevCo has assisted emerging brands while placing over 1,100 units with more than 600 franchisees. Based in Cornelius, North Carolina, FranDevCo works with brands in residential services, automotive, commercial services, quick-service restaurants, fitness, health and wellness, beauty, pet, youth enrichment, and more.

“We are thrilled to welcome FranDevCo to our growing portfolio and to have Rob and Patrick join our board,” said Peter Batushansky, Partner at L2 Capital. “Their combined expertise in franchising and strategic growth will be invaluable as we accelerate Full Spectrum’s expansion and strengthen its leadership position in the market.”