On what date did Suite Management Holdings, LLC acquire My Salon Suite and its affiliates?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
Our immediate parent company is Suite Management Holdings, LLC, a Delaware limited liability company ("SMH") that acquired us and our affiliates under an Equity Purchase Agreement dated June 25, 2021 (the "Transaction"). As a result of the Transaction, SMH became a wholly-owned subsidiary of Fastsigns Holdings, Inc. which was renamed Propelled Brands Holdings, Inc. ("PBHI") on December 28, 2021, to reflect the multi-brand nature of the company. On December 28, 2021, PBHI formed Propelled Brands Franchising, LLC ("Propelled Brands
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 9–12)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, Suite Management Holdings, LLC (SMH) acquired My Salon Suite and its affiliates on June 25, 2021, under an Equity Purchase Agreement. Following this transaction, SMH became a wholly-owned subsidiary of Fastsigns Holdings, Inc., which was later renamed Propelled Brands Holdings, Inc. (PBHI) on December 28, 2021. This renaming reflected the multi-brand nature of the company.
Subsequently, on December 28, 2021, PBHI established Propelled Brands Franchising, LLC (Propelled Brands) to act as My Salon Suite's immediate parent company. SMH, PBHI, and Propelled Brands are all Delaware corporations with their principal business address at 2542 Highlander Way, Carrollton, Texas 75006-2333.
Prospective franchisees should note that this acquisition and the subsequent restructuring of parent companies do not directly impact the day-to-day operations of a My Salon Suite franchise. However, it is important for franchisees to understand the ownership structure and the entities involved, as these entities may play a role in strategic decisions and overall brand management. Franchisees may want to inquire further about the roles and responsibilities of each entity to better understand the support and resources available to them.