WICHITA, Kansas—Value Place, a U.S. franchisor, developer, operator and owner, announced Tuesday that it has secured a $100 million capital investment from Lindsay Goldberg LLC, a private equity firm with $10 billion of total capital under management.
The transaction, along with planned successive investments, equips Value Place with the necessary capital to continue and accelerate its growth plan. The current and follow on investments will be used to add at least 50 new company locations while continuing to expand its current franchise base. Plans also include the roll out of “Value Place 2.0” upgrades across the company owned locations. The Value Place executive team finalized the transaction on Dec. 27th, 2012. The existing senior management team led by Dan Weber, CEO and Kyle Rogg, President and COO will remain intact. Founder and visionary Jack DeBoer will continue to serve as chairman and ensure the Brand delivers on its core values: affordable, clean, safe, simple and flexible.
“Our relationship with Lindsay Goldberg is an important part of our growth strategy,” said Value Place CEO Dan Weber. “Lindsay Goldberg has a reputation for making long-term investments in companies with extraordinary potential for growth and financial performance. Their endorsement of Value Place sends a strong message about the potential for Short-Term Residential Property development and is further validation of the company’s highly efficient operating model, Brand and value proposition.”
Company Continues on Course of Growth and Enhancement
News of the private equity investment came as Value Place celebrated the opening of its 181st unit, a property located in Odessa, TX. New locations in College Station, TX, Dickinson, ND and Manassas, VA will open later this year. Value Place’s financial strength and stability, growth rate and system size helped achieve a substantial jump in the recently published Franchise 500 by Entrepreneur, soaring to number 210 from its position at number 493 in 2012.