La Rosa Acquires 51% Interest In Company's Franchisee; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
La Rosa has acquired a 51% interest in its eighth franchisee since its IPO, aiming to achieve a $100 million annualized revenue target by the end of 2024. The terms of the acquisition were not disclosed.
March 13, 2024 | 1:09 pm
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La Rosa's acquisition of a 51% interest in its eighth franchisee since IPO is a strategic move to bolster its revenue, aiming for a $100 million annualized target by 2024.
The acquisition of a significant stake in another franchisee demonstrates La Rosa's aggressive expansion strategy and commitment to achieving its revenue target. This move is likely to be viewed positively by investors as it signifies growth and potential increased profitability, thus potentially leading to a short-term positive impact on LRHC's stock price.
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