Tucker’s Farm capitalizes Badlands, acquires Platform Asset

NEW YORK — Tucker’s Farm Corporation (“Tucker’s Farm”), an investment holding vehicle, announced the capitalization of its tech-enabled locksmith and access control holding company, The Badlands Security Company (“Badlands”), and the concurrent acquisition of one of the largest family-owned locksmiths in the country (“Platform Asset”).

“Badlands is an exciting addition to the Farm’s growing family of companies,” said Gabe Littman, COO of Tucker’s Farm Corporation. “We have a phenomenal partner in our Platform Asset and feel that we can incubate a world-class, tech-enabled, access-control business with them and other partners. If there are any locksmiths out there that would like to join our family, please reach out!”

Hy Vaupen, founder of Vaupen Financial Advisors which served as financial advisor to the Platform Asset added, “I was impressed by the sincerely courteous and respectful way everything was handled from start to finish. Everyone at Tucker’s Farm acted as proper fiduciaries and demonstrated the honest character that they are at their core. That is a reflection of why I believe that this transaction will translate into a highly successful business and personal relationship to move this company to the next phase of its evolution, which the family proudly founded.”

This is the fifth transaction for Tucker’s Farm Corporation in recent months including: selling VIO Medspa to Freeman Spogli, closing a Series A for its aesthetics sub-HoldCo (~$100 million valuation, ~$40 million of revenue across ~16 aesthetic clinics and ~10 brands), acquiring Christmas Décor (~28 year old brand/franchisor with ~$75 million in system sales across ~250 territories) via its Wonder Franchises sub-Holdco, and acquiring Pizza Factory (~48 year old brand/franchisor with ~$94 million in system sales across ~110 restaurants) via its Wonder Franchises sub-HoldCo.

Harris Williams & Co served as financial advisor and Taft Stettinius & Hollister LLP acted as legal counsel to Tucker’s Farm Corporation.