Levine Leichtman Capital Partners Acquires Five Star Franchising from Princeton Equity Group
Levine Leichtman Capital Partners (LLCP) has announced the acquisition of Five Star Franchising, a leading home services franchisor platform, in partnership with its existing management team. The transaction involves the transfer of ownership from Princeton Equity Group to LLCP's seventh fund. While specific financial terms were not disclosed, the deal marks LLCP's 19th investment in the franchising sector. Five Star Franchising operates over 870 locations across the US and Canada through eight distinct brands, including Five Star Bath Solutions and Mosquito Shield. The company also owns ProNexis, a digital marketing platform for lead generation. Under the new ownership, the existing executive team led by CEO Scott Abbott and COO Chad Jones will continue to manage operations with a focus on organic growth and further brand acquisitions.
Topics: Acquisition Franchising Home Services Private Equity
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