United Franchise Group Announces the Addition of Office Evolution, under the Recently Formed UFG Coworks Division

By: United Franchise Group | 11 Shares 447 Reads

May 05, 2022 // Franchising.com // WEST PALM BEACH, FL - Ray Titus, Founder and CEO of United Franchise Group™ (UFG) and Mark Hemmeter, Founder and CEO of Office Evolution® are pleased to announce a strategic alliance. Venture X®, a UFG affiliated company, and Office Evolution will now exist within the newly formed UFG coworking division, Coworks™, as part of the United Franchise Group family of affiliated brands.

“It is obvious that the coworking industry is evolving and as the industry grows, it is being consolidated through acquisitions .” said Ray Titus, CEO of United Franchise Group, “With workplace flexibility becoming a driving force in today’s business, I’m very pleased that Coworks, and therefore UFG, is at the leading edge of this transformation.”

Their leadership agrees that the intention is to keep both highly recognized, distinguished, and valuable coworking brands running separately under the Coworks division.

Although professional business sources widely differ on the current value assessment of the coworking industry, analysts agree that it is poised to double in growth within the next three to five years, predicting values of between 40 and 50 billion dollars. A staggering statistic for a market that only just began in the early 2000’s and was then described as a movement. Business challenges of the past couple years have ramped up the need for flexible office space as working remotely emerged as not only mainstream but also a competitive advantage and an essential employee benefit.

“Wherever they live, people need places to work, think and dream,” said Mark Hemmeter, CEO of Office Evolution. “I’m so happy that, by joining forces with UFG and Coworks, we’ll be there with tomorrow’s workforce, every step of the way.”

“We are especially enthusiastic about the synergies that our companies share - like marketing, sales, real estate, and training - strengths that will support a seamless integration as well as our international master licensing initiatives.” said Michael White, President of Venture X.

SOURCE United Franchise Group™

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