Ian Carroll
๐ค SpeakerAppearances Over Time
Podcast Appearances
So following a trend that is rampant in private equity right now, in 2021, Browning decided to scale up following a hot new trend in private equity that gets referred to as platforms, where the
they will buy up different companies that are in the same niche, in the same sector, so that if you wanted to fix up your house, they've got AC people, they've got cleaning people, they've got painting people. This is just one example, but it happens in all sorts of different areas of our economy. And Michael Browning Jr. decided that
they will buy up different companies that are in the same niche, in the same sector, so that if you wanted to fix up your house, they've got AC people, they've got cleaning people, they've got painting people. This is just one example, but it happens in all sorts of different areas of our economy. And Michael Browning Jr. decided that
they will buy up different companies that are in the same niche, in the same sector, so that if you wanted to fix up your house, they've got AC people, they've got cleaning people, they've got painting people. This is just one example, but it happens in all sorts of different areas of our economy. And Michael Browning Jr. decided that
he was going to take on the niche that was all things children. Why not apply the private equity playbook of cutting costs, streamlining businesses, and maximizing profits to all businesses' children? So that's what he did.
he was going to take on the niche that was all things children. Why not apply the private equity playbook of cutting costs, streamlining businesses, and maximizing profits to all businesses' children? So that's what he did.
he was going to take on the niche that was all things children. Why not apply the private equity playbook of cutting costs, streamlining businesses, and maximizing profits to all businesses' children? So that's what he did.
And he bought up a number of businesses in rapid succession with backing from his private equity buddies, including Sylvan Learning Centers, Waterwing, Snapology, XP League, Class 101, Premier Martial Arts, and The Little Gym. But among all brands, it has 1,200 locations across the country and serves 25 million children a year. It generates $1.1 billion in annual revenue. Michael Browning Jr.
And he bought up a number of businesses in rapid succession with backing from his private equity buddies, including Sylvan Learning Centers, Waterwing, Snapology, XP League, Class 101, Premier Martial Arts, and The Little Gym. But among all brands, it has 1,200 locations across the country and serves 25 million children a year. It generates $1.1 billion in annual revenue. Michael Browning Jr.
And he bought up a number of businesses in rapid succession with backing from his private equity buddies, including Sylvan Learning Centers, Waterwing, Snapology, XP League, Class 101, Premier Martial Arts, and The Little Gym. But among all brands, it has 1,200 locations across the country and serves 25 million children a year. It generates $1.1 billion in annual revenue. Michael Browning Jr.
seems to be doing pretty good. But... problems started to arise as they acquired each of these companies. And they didn't start with The Little Gym, but our story starts at The Little Gym today. Founded originally by Robin West and Robin McCoy. And I just want to show you their faces because I get the feeling we'll come back to them in the future.
seems to be doing pretty good. But... problems started to arise as they acquired each of these companies. And they didn't start with The Little Gym, but our story starts at The Little Gym today. Founded originally by Robin West and Robin McCoy. And I just want to show you their faces because I get the feeling we'll come back to them in the future.
seems to be doing pretty good. But... problems started to arise as they acquired each of these companies. And they didn't start with The Little Gym, but our story starts at The Little Gym today. Founded originally by Robin West and Robin McCoy. And I just want to show you their faces because I get the feeling we'll come back to them in the future.
But the story really comes to a head when Tiffany Cianci enters the picture. And Tiffany Cianci bought into this franchise as a mom that was doing other business and wanted to spend more time with her kids around 2017.
But the story really comes to a head when Tiffany Cianci enters the picture. And Tiffany Cianci bought into this franchise as a mom that was doing other business and wanted to spend more time with her kids around 2017.
But the story really comes to a head when Tiffany Cianci enters the picture. And Tiffany Cianci bought into this franchise as a mom that was doing other business and wanted to spend more time with her kids around 2017.
And so she thought that buying one of these franchises would be a great service to her community and a great way to spend more time with her kids because her kids could attend the little gym. And if you've not been to the little gym, it's a space for...
And so she thought that buying one of these franchises would be a great service to her community and a great way to spend more time with her kids because her kids could attend the little gym. And if you've not been to the little gym, it's a space for...
And so she thought that buying one of these franchises would be a great service to her community and a great way to spend more time with her kids because her kids could attend the little gym. And if you've not been to the little gym, it's a space for...
Children of all types, but particularly targeted children that have special types of needs, whether that be auditory, sensory, learning, cognitive, whatever. It's a gym for all types of children to do gymnastics and learn through physical movement. And Tiffany Cianci really found her passion there.