Boxwood Capital Partners, LLC has acquired sweetFrog Enterprises, LLC, which operates self-serve frozen yogurt stores, and franchises sweetFrog stores in the U.S. and internationally. Terms of the deal were not disclosed.

Boxwood, a Virginia-based private equity firm, plans to expand sweetFrog’s product offerings, geographic footprint, and continue international expansion. sweetFrog, which has 348 locations system wide across 24 states, was listed #22 on the Inc. 500 list of fast growing companies in 2014.