Value Place announced on Tuesday that it secured a US$100 million capital investment from private equity firm Lindsay Goldberg LLC.
Value Place, Wichita, Kansas, said it will use the investment as well as subsequent investments to add at least 50 new company locations and expand its U.S. franchise base.
The transaction was finalized on December 27, 2012, and Value Place’s existing senior management team will remain intact. “Our relationship with Lindsay Goldberg is an important part of our growth strategy,” said Dan Weber, Value Place CEO. “Lindsay Goldberg has a reputation for making long-term investments in companies with extraordinary potential for growth and financial performance. Their endorsement of Value Place sends a strong message about the potential for short-term residential property development.”
Founded in 2002, Value Place currently has 181 locations open in 32 states in the U.S.