VIO Med Spa is receiving a significant minority private equity investment from Tucker's Farm Corporation to accelerate its aggressive five-year expansion plan.
The substantial injection of capital will create a strategic growth partnership between VIO Med Spa and Tucker's Farm in order to drive nationwide expansion, invest in human infrastructure, expand training and education, explore emerging operational and technology platforms, and further the development of additional corporate-owned locations.
"As our leadership team explored the many growth partners interested in VIO, we felt Tucker's Farm was best aligned with our core values and the mission of becoming the nation's leading aesthetic brand," said VIO CEO Ryan Rose. "They share our ideals of being a franchisee-first organization and decision-making based on long-term financial results."
Founded by Joe and Nick Stanoszek, VIO Med Spa currently has 13 locations open across six states with 40 new locations scheduled to open by the end of 2023.
"VIO has its eyes set on developing more company-owned stores and staying ahead of the competition, and this infusion of capital is instrumental to our future plans," Joe Stanoszek said.
With the addition of Tucker Farm's equity investment, Kyle Tucker, who is the company's head of capital allocation, will join the VIO Board of Directors. His strategic involvement will enhance executive leadership, with day-to-day operations remaining the same.