#United States #Boxwood Partners #Florida #Vast Coworking #United Franchise Group

Boxwood Partners Facilitates Sale of Vast Coworking Group

In a significant strategic transaction, Boxwood Partners has acted as the exclusive financial advisor to United Franchise Group (UFG) in the sale of Vast Coworking Group to New State Capital Partners. The announcement was made on March 9, 2026, showcasing Boxwood Partners’ expertise in guiding family and founder-led businesses through crucial financial transitions.

Overview of the Transaction

As a prominent player in the franchise sector, UFG is well-known for its diverse portfolio, which includes renowned brands like Venture X, Office Evolution, and Intelligent Office. The sale of Vast Coworking Group, a global coworking platform, marks an important milestone, enabling UFG to leverage New State Capital Partners' resources for expanded growth opportunities in the flexible workspace market.

With headquarters in West Palm Beach, Florida, Vast Coworking operates one of the largest global networks of franchised coworking brands, catering to a diverse clientele that includes entrepreneurs, small businesses, and enterprise-level clients. The asset-light franchise model of Vast has facilitated substantial growth, as businesses increasingly seek flexible work solutions.

Key Players in the Deal

Ray Titus, the CEO of UFG, emphasized the positive experience of working with the Boxwood team. His praise for Boxwood’s profound comprehension of franchise systems, combined with their robust relationships in the private equity landscape, illustrated the effectiveness of their approach. “Working with the Boxwood team was a fantastic experience from start to finish,” stated Titus.

The transaction team from Boxwood Partners comprised influential figures such as Robbie Nickle (Managing Director), Brian Alas (Managing Director), Colby Carter (Vice President), and Nick Logue (Associate). Legal counsel for Vast Coworking was provided by Chase Stuart, Ben Goodman, and John Zachariah from Ice Miller.

New State Capital Partners' Commitment

Upon the completion of the sale, Robbie Nickle conveyed Boxwood's honor in advising UFG. He noted that Vast has established a unique position within the flexible workspace sector and commended New State as an ideal partner for the company’s forthcoming growth phase. New State Capital Partners intends to utilize its investment to further broaden the Vast Coworking Group's franchise network and to enhance its platform of workspace brands, aligning with strategic initiatives that capture the ever-growing demand for flexible office settings and hybrid work environments.

President of the Vast Coworking Group, Jason Anderson, expressed enthusiasm about the partnership with New State, stating, “New State brings significant experience supporting founder-led platforms and will be a tremendous partner as we continue expanding our brands and capitalizing on the growing demand for flexible workspace solutions.”

The Importance of Founder-Led Advisory

Boxwood Partners continues to strengthen its presence in advising founder-led businesses, having successfully managed numerous transactions across various sectors, including franchising and multi-location consumer platforms. This transaction not only elevates UFG and Vast Coworking Group but also signifies the growing trends in flexible work environments, crucial in today’s evolving business landscape.

Through its adeptness in navigating the complexities of mergers and acquisitions, Boxwood Partners reiterates its role as a trusted advisor. By merging its extensive experience with robust market insights, Boxwood provides its clients with unparalleled support and strategic guidance, which has proven invaluable for companies looking to adapt and thrive in this dynamic sector.

To find out more about Boxwood Partners and their advisory services, visit www.boxwoodpartners.com.

Conclusion

The sale of Vast Coworking Group to New State Capital Partners marks a pivotal moment in the evolution of flexible workspaces. With Boxwood Partners at the helm, facilitating the transaction, UFG is set to carve an even more substantial presence in the market. This deal not only exemplifies the synergy between founder-led businesses and private equity firms but also emphasizes the surge in demand for innovative and adaptable workspace solutions nationwide.