Three20 Capital Group Private Equity Investments

Our Team

The partners of Three20 Capital Group have partnered, coinvested or served in the C-suite of the following representative companies: CEO and partner of the largest energy efficiency products and program supplier in the country, AM Conservation Group (sold to Kohlberg & Company 2015).  Co-investor, Partner and Board Member of Take 5 Oil Change, the fastest growing service company in the automotive segment now with 800 units, (sold to Roark Capital in 2016).  CEO and partner of Mr. Handyman International, the largest franchisor in the handyman category with 300 units and over $100 million system sales, (sold to the Dwyer Group 2015), President of Molly Maid, Inc, the second largest maid service in the world, with over 600 units and $300 million system sales (sold to Dwyer Group in 2015). 


Currently invested in a number of private equity transactions including the largest multi-unit operators of the leading brand in the massage category, Massage Envy with 95 units as well as the largest multi-unit franchisee in the number one Salon Suites Brand Sola Salons with 60 units. 


Our partners have invested in over 100 transactions with over $500 million in gains for private equity investors.


Todd Recknagel, Managing Partner at three20 Capital Group

Todd Recknagel, Managing Partner

With acumen in strategy, finance, and deal-making, Todd Recknagel has consistently elevated the companies he's engaged with to market leadership. His roles have spanned from CEO, Board Member, Board Chair, Operating Partner, to Co-investor - in a variety of growth enterprises.


Currently, he serves as an Operating Partner & Board Member for PCRK Group, the largest franchisee of Massage Envy; the Board Chair & Partner for Salon Freedom, the top franchisee for Sola Salons; a Board Member & Partner at Office Pride; and a Managing Partner and Board Member for Specialty Tile Products. He also has served many years on the Board of the International Franchise Association and serves on the Executive Committee.


Todd was the CEO & Partner for Mr. Handyman International; the CEO & Partner for AM Conservation Group, the nation's leading energy efficiency product supplier; a Board Member & Partner for Take 5 Oil Change; and a Board Member & Operating Partner at Quatrro Business Support Services.


Todd earned his MBA in finance from the Eli Broad School at MSU.

Kristi Mailloux, Partner at Three20 Capital Group

Kristi Mailloux, Managing Partner

Throughout her diverse career across various industries, Kristi Mailloux has amassed a multifaceted skill set. Her expertise spans departmental leadership, marketing, and operations, which she applied hands-on implementations within portfolio companies. She holds roles such as Operating Partner for PCRK Group, the largest franchisee of Massage Envy; Board Member & Operating Partner in Salon Freedom, the largest franchisee for Sola Salons; and Operating Partner at Office Pride.


In her past, Kristi served as the President of Molly Maid, the nation's second-largest maid service franchise, where she led the company to its peak dollar growth. She also held the presidency at 1-800-DryClean, one of the country's rapidly expanding dry-cleaning franchise brands. Her tenure as the Chief Marketing Officer at AM Conservation Group drove growth at the nation's leading energy efficiency company serving utilities. Additionally, she was the Chief Operating Officer for a major multi-unit operator in Massage Envy. Kristi holds a degree from the University of Michigan and a CFE from the international Franchise Association.

“Kristi Mailloux and Todd Recknagel (Three20 Group) have been longstanding supporters of the International Franchise Association mission to protect, enhance and promote franchising, serving multiple terms of the IFA Board of Directors and as leaders on many committees representing franchisors, franchisees and suppliers.”

– Matt Haller, President & CEO International Franchise Association

“Working closely with both Todd Recknagel and Kristi Mailloux as Board Members over the past 3+ years has not only been rewarding, but very helpful due to their uncanny ability to ask thought provoking questions and provide recommendations in a personal and caring style”.

- Scott Roy, President and CEO, Specialty Tile Products

“My past experience working with the partners Todd & Kristi at Three20 Group led to one of the fastest periods of growth in our company history – the best part was, we had fun doing it.”

- John Bailes, President, AM Conservation Group

"I have found Todd and Kristi to be focused on helping our mutual investment succeed and providing helpful insight. Insight they have gained form many of their past investments. Absolutely would consider them partner oriented"

- Frank Capella, Managing Partner, Oxer Capital Partners

Todd and Kristi are consummate operating partners within the franchising world, possessing great domain expertise to help us navigate the nuances of this unique industry while also coaching emerging management teams on how to scale their businesses.

- Jeff Gonyo, Geneva Glen Capital, LLC

“Three20 Group is a valuable partner in reaching your business or nonprofit goal. Their discernment, exceptional business strategies, and commitment to our vision has propelled us forward. I consider Three20 an invaluable asset in empowering us to accomplish multiple milestones.”

- Todd VanEk, CEO, Mission India

“I had the pleasure of working with Todd when we both served on the IFA board of directors, where Todd was always a leader with keen insight and understanding of all facets of franchising”

- Steve Romaniello - Managing Director, Roark Capital, Former IFA Chair

“I have been very impressed with the advanced business leadership and investment strategy acumen of Todd & Kristi and have greatly enjoyed our value creation journey together”.

- Sean Kajcienski, CEO, PCRK Group (Massage Envy)

“Todd has been a mentor of mine going on 20 years. Not only one of the smartest business people I’ve run across, but he is also one of the most compassionate. That’s a pretty rare combination.”

– Alex Roberts, Franchise Expert “The Franchise Playmaker” and former CEO Mr. Handyman International

“Todd & Kristi are both proven leaders and we look forward to continuing to work with them”

– Troy Templeton, Chairman and Managing Partner, Trivest Capital Partners

“Todd is an incredible leader and communicator – knowing how to deftly manage relationships from the franchisee level to the C-suite and beyond. Todd is a great person to have on your team – increasing the likelihood of a win!”

- Meg Roberts CEO & President of Lash Lounge and former President of Molly Maid

“Todd and Kristi have been terrific business partners always available to help solve problems leveraging their vast experience managing and leading multi-unit franchises.”

- David Raduziner, CEO & Co-Founder Salon Freedom (Sola Salons)

“I have worked with Todd and Kristi for many years across numerous companies. Todd has a deep understanding of how to drive growth and create value due to his vast experience as an executive and board member across various industries. Kristi’s operational background and ability to dive in and execute has had meaningful impacts on the results of our partnerships. I view Todd and Kristi as true partners in growth at our companies and the results speak for themselves.”

- Jorge Gross, Partner, Trivest Capital Partners

“Todd and Kristi are a powerful force. Years of experience, lots of intentionality. Each knows their individual strengths and operate seamlessly in them. They practice what they preach, and their success reflects it.”

- Greg & Julie Gorman Co-Founders of Married for a Purpose

“I have known Todd at a deep level, helping him plan his second half of life to have even more meaning, joy and impact in other people’s lives. I’ve been struck by the power of his sharp mind and deep business experience when combined with his kindness and compassion for other.”

- Lloyd Reeb, Founding Partner - The Halftime Institute, Author of From Success to Significance

“With Todd and Kristi at Three20 Group, I not only got a great partner, but also access to years of business experience that we can truly leverage to help us grow to new heights” a huge blessing!”

- Todd Hopkins, Founder & former CEO, Office Pride

“CEO Todd Recknagel did an excellent job on executing on the strategies identified early in our investment hold period as well as flawlessly integrating a sizeable acquisition"

– Troy Templeton, Chairman and Managing Partner, Trivest Capital Partners

“Todd and Kristi’s deep knowledge of the franchise space, their cooperative approach to working with management teams and their “roll up your sleeves” approach to company engagement make them a highly differentiated value creation team.”

- Pete Davies, Managing Partner, Stonehenge Partners

“Todd and Kristi have an incredibly successful track record. They bring an awesome combination of knowledge, experience, leadership, and passion to the table. Simply put, they are winners.”

– Alex Roberts, Franchise Expert “The Franchise Playmaker” and former CEO Mr. Handyman International

Testimonials

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