SYNERGY HomeCare Acquired by Levine Leichtman Capital Partners
Deal News | Jan 21, 2025 | Levine Leichtman Capital Partn
Levine Leichtman Capital Partners (LLCP), a prominent private equity firm based in Los Angeles, has announced the acquisition of SYNERGY HomeCare Franchising, LLC from NexPhase Capital, LP. SYNERGY, a leading provider in the in-home care services sector with over 240 franchises across 42 states, specializes in non-medical care offerings like personal and memory care. The acquisition aims to enhance SYNERGY's market position with plans for territory expansion and sales growth. Notably, SYNERGY continues under its existing management, led by CEO Charlie Young, with LLCP's strategic input. The acquisition constitutes the eighth platform investment from LLCP's Lower Middle Market Fund III. Despite no disclosure of financial terms, the alliance is poised to benefit from positive sector trends and LLCP’s growth strategy, seeking to broaden SYNERGY's impact across the US home care landscape.
Sectors
- Healthcare & Medical Services
- Franchising
- Private Equity
Geography
- United States – SYNERGY HomeCare operates across 42 states in the US, and Levine Leichtman Capital Partners, as a US-based private equity firm, anchors the primary geographic context of the deal.
Industry
- Healthcare & Medical Services – SYNERGY HomeCare operates in the in-home care segment, providing non-medical healthcare services, which makes it part of the healthcare and medical services industry.
- Franchising – SYNERGY HomeCare is a franchisor with a large network of franchises in the in-home care sector, linking it to the franchising industry.
- Private Equity – Levine Leichtman Capital Partners, as a private equity firm involved in acquisitions, pertains to the private equity sector focused on investment and strategic growth in portfolio companies.
Financials
- Not Disclosed – Financial terms of the SYNERGY HomeCare acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SYNERGY HomeCare Franchising, LLC | Target | Company | A leading provider of non-medical in-home care services with a significant national presence. |
| Levine Leichtman Capital Partners (LLCP) | Bidding Company | Company | Private equity firm based in Los Angeles known for investments in the franchising sector and lower middle-market companies. |
| NexPhase Capital, LP | Vendor | Company | Previous owner of SYNERGY HomeCare, involved in middle-market private equity investments. |
| Charlie Young | CEO | Person | CEO of SYNERGY HomeCare, leading the company's existing executive team. |
| Honigman LLP | Legal Advisor | Company | Provided legal counsel for LLCP in the transaction. |
| DLA Piper | Legal Advisor | Company | Served as legal counsel for LLCP during the acquisition. |
| Apogem Capital | Debt Financing Provider | Company | Provided debt financing for the acquisition. |