Tucker’s Farm Corporation (“Tucker’s Farm” or the “Farm”), a value-oriented investment holding vehicle, today announced that its subsidiary, Annie Aesthetic Holdings (“Annie” or “Annie Aesthetic”), raised its Series B and expanded its credit facility while reaching $65 million in run-rate revenue. The round was led by InterAlpen Partners, who also backed the Series A and serves as an active advisory board member, and Brookside Equity Partners.

In May 2022, Tucker’s Farm incubated a medical aesthetics permanent capital vehicle with approximately $30 million of equity capital. In three years, the vehicle has grown to approximately $65 million of revenue across 12 of the nation’s leading medical aesthetics brands. The additional equity capital and enhanced credit facility funds will be used to grow the portfolio, bolster the company’s talent pool, expand training and education, and develop additional clinics. Regarding the growth equity partnership, Sam Schloss, CEO and Co-Founder of Annie Aesthetic, remarked:

"At Annie, we founded the platform with a singular vision: to align with and elevate the very best medical aesthetic clinics for long-term success. This new capital enables us to continue building true partnerships—supporting the vision of local brands and ensuring their sustainable growth.”

JP Wartman, COO at Annie, added:

“We are always looking for Win-Win-Win opportunities—for business owners, for our teams in the clinics, and for patients. This investment furthers that commitment as we expand training, marketing, and operational support to drive best-in-class patient experiences.”

The medical aesthetics industry has grown significantly in recent years, driven by increasing consumer acceptance of non-invasive aesthetic procedures, technological advancements, and a growing emphasis on personal appearance and wellness. Offering a wide range of services, such as Botox, dermal fillers, biostimulators, exosomes, laser skin care, and functional medicine and wellness services, medical aesthetics clinics cater to patients seeking cosmetic enhancements without the downtime associated with surgery. The industry thrives on personalized care, combining luxury and clinical expertise to deliver results-focused treatments in a relaxing, spa-like environment.

This is the sixth transaction for Tucker’s Farm Corporation in under a year including; i) successfully exiting VIO Medspa (structured minority) to Freeman Spogli, ii) closing a Series A for Annie Aesthetic, iii) acquiring Christmas Décor (~28 year old brand/franchisor with ~$75 million in system sales across ~250 territories) via its Wonder Franchises sub-Holdco, iv) acquiring Pizza Factory (~48 year old brand/franchisor with ~$94 million in system sales across ~110 restaurants) via its Wonder Franchises sub-HoldCo, v) acquiring Webster Lock and Hardware Company (~10,000 doors, ~40 trucks, ~70 years old) and capitalizing Badlands Security, its tech-enabled access-control holding company.

Dykema acted as legal counsel to Tucker’s Farm Corporation.

About Tucker's Farm Corporation

Founded in 1994 as a small goat dairy, Tucker’s Farm Corporation is a value-oriented holding vehicle that has grown into a family of companies across industries and geographies. The farm aims to deploy $50-$100 million of long-term equity capital every year as it seeks to find and compound cash flows through highly active M&A strategies in the lower-middle market (and still boasts a strong herd of ~20 Nubian half-pygmy goats). For more information, please visit: www.tuckersfarm.com.

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