Massage Envy, LLC, a Scottsdale, Arizona-based provider of therapeutic massage services, has received a financing from Golub Capital to support the acquisition of the company by Sentinel Capital Partners.
Through a national franchise system of massage clinics, the company provides professional and affordable therapeutic massage services to consumers at convenient times and locations.
Founded in 2002, Massage Envy has opened more than 600 clinics in 42 states.
Commenting on the financing, Andrew Steuerman, a senior managing director with Golub Capital, said: “Sentinel has a long-term track record of successfully investing in franchisor platforms and brings a wealth of expertise to Massage Envy.
“Massage Envy has a unique model that is performing extremely well in this economic climate. We expect the business to continue its performance for years to come due to favorable demographic and economic trends and company-specific competitive advantages”.
This transaction marks the Golub Capital‘s third lead-agent deal supporting Sentinel Capital Partners.
FinSMEs
05/01/2010