Tucker’s Farm Corporation Acquires One of the Largest Family-Owned Locksmiths in the US (~10,000 Doors, ~40 Trucks, ~70 Years Old) and Capitalizes Tech-Enabled Access-Control Holding Company
Summary
NEW YORK--(BUSINESS WIRE)--Tucker’s Farm Corporation (“Tucker’s Farm”), a value-oriented investment holding vehicle, today announced the capitalization of its tech-enabled locksmith and access-control holding company, The Badlands Security Company (“Badlands”), and the concurrent acquisition of one of the largest family-owned locksmiths in the country (“Platform Asset”). We value Tuckers Farms partnership-centric approach and are eager to continue our long-term relationship with them.” This is the fifth transaction for Tucker’s Farm Corporation in recent months including; i) selling VIO Medspa to Freeman Spogli, ii) closing a Series A for its aesthetics sub-HoldCo (~$100 million valuation, ~$40 million of revenue across ~16 aesthetic clinics and ~10 brands), iii) acquiring Christmas Décor (~28 year old brand/franchisor with ~$75 million in system sales across ~250 territories) via its Wonder Franchises sub-Holdco and iv) acquiring Pizza Factory (~48 year old brand/franchisor with ~$94 million in system sales across ~110 restaurants) via its Wonder Franchises sub-HoldCo. Harris Williams & Co served as financial advisor and Taft Stettinius & Hollister LLP acted as legal counsel to Tucker’s Farm Corporation. Founded in 1994 as a small goat dairy, Tucker’s Farm Corporation is a value-oriented holding vehicle that has grown into a family of companies across industries and geographies. The farm aims to deploy ~$50-100 million of long-term equity capital every year as it seeks to find and compound cash flows through highly active M&A strategies in the lower-middle market (and still boasts a strong herd of ~20 Nubian half-pygmy goats).