VIO Med Spa, a leading franchisor of full-service med spas, announced that it has partnered with Freeman Spogli, a strategic growth investor in the consumer services and franchising industries. VIO's senior management team, led by Chief Executive Officer Ryan Rose, Chief Development Officer Ryan Rao and Chief Operating Officer and General Counsel Christina McCrossin, will continue to lead the Company in its next phase of growth. VIO founders, Joe and Nick Stanoszek, and co-founder Dr. Harish Kakarala will remain significant minority investors alongside Freeman Spogli and senior management. Specific terms of the transaction were not disclosed.

Founded in 2017 in Strongsville, Ohio, VIO has 47 locations across 16 states. The Company offers a full suite of medical aesthetic services including injectables, skin rejuvenation, facial spa treatments and wellness services. The Company launched its franchising strategy in 2018 and quickly scaled to become one of the largest single-brand, pure-play med spa chains nationwide. In addition to its franchised locations, VIO operates three corporate owned VIO locations in Ohio.

Including additional near-term openings, the Company expects to have over 50 VIO locations by the end of the year and has a robust pipeline of signed franchisee locations expected to open in 2025 and beyond.

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