Vast, closed 2025 with strong year-over-year performance across systemwide sales, membership growth, franchise development, and international expansion. Venture X reported an 11% increase in annual revenue, while Office Evolution reported a 13% increase. Venture X grew its global membership base by 67%, Office Evolution by 50%, and Intelligent Office surpassed 4,800 members across its locations and virtual service channels.

ICYMI: I chatted with Jason Anderson, the group’s CEO, about their recent move to spin out of UFG.

In this Behind The News episode of the “This Week in Coworking” podcast, host Hector Kolonas was joined by Jason Anderson to discuss the dynamic world of coworking spaces and the private equity acquisition of Vast Coworking Group from the United Franchise Group – and what it means for Venture X, Office Evolution, Intelligent Office, franchising and the industry.

Vast Coworking Group has been acquired by private equity firm New State Capital Partners as a carve-out from United Franchise Group. This deal marks a strategic move by Vast co-founder and CEO Jason Anderson as demand for flexible workspace continues to rapidly evolve and grow.

At time of acquisition Vast – which is one of the world’s largest coworking networks and comprised of leading concepts Venture X, Office Evolution, and Intelligent Office – leverages a franchise model. It has over 200 locations and spans approx. 2.7 million square feet, serving roughly 70,000 members worldwide.

Business Observer did a write-up on the burgeoning coworking market on Florida’s Gulf Coast.

Featured are Julianna Rose Bertrand & Gina Tedesco from The Power House, The Hatchery at Babcock Ranch and Vast Coworking Group‘s vice president of development, Matt Cozza.