Financial Advisor to Hand & Stone on Sale to Levine Leichtman Capital Partners
Hand & Stone is the second-largest franchisor of massage facial spa services in North America, with over 200 locations across the U.S. and Canada. Hand & Stone franchisees offer massage, facials and hair removal services as well as skin care products. The company has a strong loyalty program and offers discounted subscription memberships. Hand & Stone was founded by John Franco in 2004.
The Levine Leichtman transaction provided the founder with substantial liquidity and strong support for accelerating growth of the franchise.