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Freeman Spogli Takes Majority Stake in VIO Med Spa

Published September 17, 2024
Published September 17, 2024
VIO Med Spa

VIO Med Spa, a leading franchisor of full-service med spas, has partnered with Freeman Spogli, a strategic growth investor in the consumer services and franchising industries.WHO: Founded in 2017 in Strongsville, Ohio, VIO Med Spa has established itself as the leading franchisor of pure-play branded med spas in the US with 47 locations across 16 states. The company offers a full suite of medical aesthetic services including injectables, skin rejuvenation, facial spa treatments, and wellness services. The company launched its franchising strategy in 2018 and quickly scaled to become one of the largest single-brand, pure-play med spa chains nationwide. In addition to its franchised locations, VIO operates three corporate-owned VIO locations in Ohio.Freeman Spogli is a private equity firm with offices in Los Angeles and New York dedicated exclusively to investing in and partnering with management in consumer and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested $5.8 billion in 71 portfolio companies with an aggregate transaction value of $29 billion.WHY: The company expects to have over 50 VIO locations by the end of the year and has a robust pipeline of signed franchisee locations expected to open in 2025 and beyond.IN THEIR OWN WORDS: "We founded VIO with the vision of building the leading med spa in the US. Thanks to the relentless efforts of our team and dedicated franchisees, we are proud to partner with Freeman Spogli to take the business to new heights and build on our track record of growth and excellence in operations," said Joe Stanoszek, founder, VIO Med Spa."Today marks a special day for the VIO family.

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