LLCP AND MANAGEMENT ACQUIRE SYNERGY HOMECARE
_____
NEWS PROVIDED BY
<https://www.prnewswire.com/news/synergy-homecare/> SYNERGY
HomeCare
Jan 21, 2025, 09:00 ET
_____
Industry-Leading Provider of In-Home Care Services
Continues Market-Leading Growth
TEMPE, Ariz., Jan. 21, 2025 /PRNewswire/ — Levine Leichtman
Capital Partners (“LLCP”), a Los Angeles-based private equity
firm, announced today that it has partnered with management to
acquire SYNERGY HomeCare, an industry-leading provider of in-home
care services to seniors and individuals of all ages, from
NexPhase Capital.
Headquartered in Tempe, Arizona, SYNERGY HomeCare, an Entrepreneur 500 ranked
enterprise and a Top Franchise, according to
Franchise Business Review, led the home care industry in
territory sales growth for the fourth consecutive year in 2023,
and expects to lead again for 2024.
A pioneer in the home care industry, SYNERGY HomeCare provides a
broad range of non-medical in-home services including personal
care, companion care, memory care and specialized care for
individuals who are living with physical or developmental
disabilities, chronic health conditions, or recovering from
illness or surgery. SYNERGY HomeCare, which was founded in 1999,
has over 240 franchises operating in approximately 550
territories in 42 states across the U.S.
SYNERGY HomeCare will continue to be run by its current executive
team, led by CEO Charlie Young.
According to Matthew Frankel, Managing Partner of LLCP, “We are
thrilled to partner with Charlie and the existing management
team, who have driven the exceptional growth of SYNERGY. We look
forward to working with them to enhance their market-leading
value proposition as they continue to accelerate systemwide sales
and territory growth. Charlie and the rest of the management team
have had tremendous success, and we are excited to leverage our
extensive experience investing in the franchising space,
including the home care market, to pursue various strategic
growth initiatives.”
Greg Flaster, Managing Director at LLCP, added, “SYNERGY is one
of the fastest-growing, nationally scaled franchisors in the
in-home care industry, having led the sector in territory growth
in recent years. With a wide array of non-medical in-home care
services for patients and valuable tools provided to franchisees,
we believe SYNERGY is uniquely positioned to benefit from the
industry’s attractive tailwinds. We are excited to capitalize on
these favorable tailwinds, and more broadly we look forward to
supporting the Company through this next chapter of success.”
Mr. Young commented, “We are excited to have LLCP’s deep
expertise in supporting and successfully growing franchised
businesses like ours, as well as a shared vision for the future
as we fulfill our mission to provide world class care at home for
all. Our key priorities continue to be growth-oriented, including
opening new markets, helping optimize our existing franchisees’
operations, enhancing our service offerings, and expanding access
to professional in-home care to more people. We are grateful for
the support of our partners at NexPhase, who helped us achieve
industry-leading growth and bring our care and service offerings
to an expanded base of clients across the country.”
The SYNERGY HomeCare acquisition marks LLCP’s 17th franchising
investment, with a combined 31 brands, including prior
investments of in-home care concepts such as Senior Helpers and
Caring Brands.
About SYNERGY HomeCare:
SYNERGY HomeCare is the fastest-growing national franchisor in
the home care industry with over 240 franchises operating in
approximately 550 territories in 42 states across the U.S. The
company provides a broad range of non-medical in-home services
including personal care, companion care, memory care and
specialized care for individuals who are living with physical or
developmental disabilities, chronic health conditions or
recovering from illness or surgery. No matter what each person’s
circumstances are, SYNERGY HomeCare steps in with effective,
comforting, life-affirming care that moves people emotionally and
physically forward. For more information visit
<https://c212.net/c/link/?t=0&l=en&o=4344275-1&h=1992635382&u=htt
p%3A%2F%2Fsynergyhomecare.com%2F&a=SYNERGYH> SYNERGYH
<https://c212.net/c/link/?t=0&l=en&o=4344275-1&h=1884735660&u=htt
p%3A%2F%2Fsynergyhomecare.com%2F&a=omeCare.com> omeCare.com or
<https://c212.net/c/link/?t=0&l=en&o=4344275-1&h=607452040&u=http
s%3A%2F%2Fsynergyhomecare.com%2Flocations%2F&a=find+an+in-home+ca
re+location+near+you> find an in-home care location near you.
About Levine Leichtman Capital Partners:
Levine Leichtman Capital Partners, LLC is a middle-market private
equity firm with a 40-year track record of investing across
various targeted sectors, including Business Services,
Franchising & Multi-unit, Education & Training and Engineered
Products & Manufacturing. LLCP utilizes a differentiated
Structured Private Equity investment strategy, combining debt and
equity capital investments in portfolio companies. LLCP believes
that by investing in a combination of debt and equity securities,
it offers management teams growth capital in a highly tailored,
flexible investment structure that can be a more attractive
alternative than traditional private equity.
LLCP’s global team of dedicated investment professionals is led
by 10 partners who have worked at LLCP for an average of 20
years. Since inception, LLCP has managed approximately $15.6
billion of institutional capital across 15 investment funds and
has invested in over 100 portfolio companies. LLCP currently
manages $10.0 billion of assets and has offices in Los Angeles,
New York, Chicago, Miami, London, Stockholm, Amsterdam and
Frankfurt.
The M&A market for healthcare companies continues to build on STRATEGIC opportunities and a fragmented market. Consolidations along with unprecedented demand are driving scale across the continuum of care. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
800-719-1555
