Stretch Zone Gets Boost With Strategic Investment From Princeton Equity Group
Princeton Equity Group provided the practitioner-assisted stretch therapy franchisor with the investment that will help Stretch Zone expand its national footprint.
Stretch Zone, a practitioner-assisted stretch therapy services provider, has received a strategic investment from Princeton Equity Group. The private equity firm, which concentrates on the franchisor and multi-unit industry, will provide Stretch Zone with resources to support the expansion of its national footprint and assist with client growth.
The stretching company has attracted NFL great Drew Brees as a multi-unit franchise owner.
“We are very excited to partner with this talented management team to help foster the growth of Stretch Zone,” said Jim Waskovich, co-founder and Managing Partner of Princeton Equity Group.
Jorden Gold founded the stretch therapy brand in 2004 after developing the first proprietary table and patented strapping system for practitioner-assisted stretch therapy. In 2017, the stretch therapy franchisor opened its first franchise location and has teamed up with pro athletes, sports organizations, resorts and spas.
“Stretch Zone has expanded rapidly and instilled a phenomenal culture throughout its franchisee base,” Waskovich continued. “The growth speaks to the leadership of Tony and Jorden and the incredible team that they have with them at Stretch Zone. We’re looking forward to this next chapter of the company’s trajectory, preserving its core values and continuing to drive positive change for its client base.”
Stretch Zone CEO Tony Zaccario and his team will remain in their current roles. Zaccario says he looks forward to keeping Stretch Zone’s client and franchisee experience a top priority while taking the brand to the next level.
“We are excited to have partners that are aligned with our vision and culture, and the team at Princeton Equity Group is just that,” said Zaccario. “Together, we will continue to bring opportunities to entrepreneurs and wellness services to clients.”
Zaccario was recently featured on the Modrn Business podcast, along with Brees, to discuss the playbook for franchise success.
