Since when has Michael Karp served as President of City Wide Franchise Company, Inc.?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
Mr. Karp serves as President of CITY Wide Franchise Company, Inc. since January 2025. Mr. Karp is also a limited partner at Pacific Lake Partners, a private equity firm based in Boston, Massachusetts, specializing in the search fund investment space. From July 2016 to January 2025, he served as an investor and part-time CEO of BEX Technology Solutions, a technology-enabled real estate firm operating a nationwide real estate lead generation portal. From 2011 to 2016, Mr. Karp served as an investor and key executive at Liazon Inc., the country's leading private benefits exchange, which was acquired by Towers Watson, located in Buffalo, New York.
Source: Item 2 — BUSINESS EXPERIENCE (FDD pages 12–14)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, Michael Karp has served as President of City Wide Franchise Company, Inc. since January 2025. Before joining City Wide, Karp was a limited partner at Pacific Lake Partners, a private equity firm. He also served as an investor and part-time CEO of BEX Technology Solutions from July 2016 to January 2025, and as an investor and key executive at Liazon Inc. from 2011 to 2016.
Having a president with a background in private equity and technology could bring valuable insights to City Wide. Karp's experience in these areas may help the company with strategic financial decisions and the implementation of new technologies.
Prospective franchisees might want to inquire about Karp's specific plans for the company and how his experience will benefit franchisees directly. Understanding his vision for the future of City Wide can help potential franchisees assess whether the franchise aligns with their own goals and expectations.