Doeren Mayhew Capital Advisors (DMCA), a middle-market investment bank, assisted BHB Investment Holdings (BHB), the largest Goldfish Swim School franchisee, in securing financing and acquiring a multi-unit portfolio of swim schools from RC Swim Holdings, LLC (RC Swim).
A Northville-based company, BHB opened the very first Goldfish Swim School franchise in Michigan over 15 years ago. Today, the group owns 32 schools focused on teaching children critical water safety techniques in Michigan, Indiana, Florida, Ohio, Oklahoma, New York, New Jersey and Maryland. This transaction added six new schools to the group’s portfolio in the Northeast and provided additional capital for the development of three new schools and funds for future acquisitions.
“We are committed to our mission of providing lifesaving skills to children. As a result, we are aggressively focused on taking the right risks to continue growing the Goldfish Swim School brand across the country, specifically in areas where we know kids need to learn to swim,” said Kaie Lee, owner and operator of BHB. “DMCA opened our eyes to broader capital markets to help us reach our goals quicker and remain financially strong in the process.”
DMCA’s acted as the exclusive advisors to BHB on both the debt placement and buy-side of the transaction, which simultaneously closed in September 2025. The team, led by Daniel Walsh and Sarah Wilson, ran a comprehensive process, ultimately raising debt for BHB through MGG Investment Group. This path positions BHB to grow faster without equity dilution than what traditional commercial markets would have afforded the group. DMCA also assisted with the due diligence, negotiations and closing of the acquisition of RC Swim’s portfolio of schools.
“BHB has had great momentum with its portfolio of Goldfish Swim Schools since day one,” said Daniel Walsh managing director at DMCA. “We’re proud we had the opportunity to partner with them on expanding their brand presence and positioning them for continued success along their foreseeable growth journey.”
Securities offered through Doeren Mayhew Capital Advisors, LLC. Member FINRA/SIPC.
