Franchise-focused private equity firm Franchise Equity Partners (FEP) announced it acquired a majority stake in 7 Crew, the second-largest franchisee of the fast-growing U.S. coffee chain 7 Brew. With the deal, FEP said it is following through on plans to open more than 200 7 Brew drive-through locations across Texas, Florida, Oklahoma and New Mexico. Existing 7 Crew investors Masked Rider Capital and Red Sky Holdings are retaining significant equity stakes in 7 Crew, which currently operates approximately 50 7 Brew locations,
Continuing a year marked by strong franchise development, the multi-award-winning K9 Resorts Luxury Pet Hotel has announced its first location in New York City. The renowned pet boarding and daycare brand is partnering with New York-based hospitality veterans The Dhillon Group to launch a state-of-the-art facility at 295 Front Street in the Dumbo neighborhood of Brooklyn, slated to open in early 2026.