SYNERGY HomeCare Joins Forces with Levine Leichtman Capital Partners
Deal News | Jan 21, 2025 | Levine Leichtman Capital Partn
Levine Leichtman Capital Partners (LLCP), a private equity firm based in Los Angeles, has announced the acquisition of SYNERGY HomeCare Franchising, LLC, partnering with the management team for the transaction. While financial terms were not disclosed, the Synergy company, a leader in providing non-medical in-home care services across 42 states, will continue its operations under the existing executive team led by CEO Charlie Young. LLCP, with its extensive investment experience in the franchising sector, aims to bolster SYNERGY's current trajectory of growth within the industry, leveraging favorable market conditions. This acquisition marks LLCP's 17th franchising investment and the eighth platform investment of its Fund III. Legal counsel for the acquisition was provided by Honigman LLP and DLA Piper, with Apogem Capital supplying debt financing.
Sectors
- Healthcare
- Private Equity
- Franchising
Geography
- United States – SYNERGY HomeCare operates franchises in approximately 550 territories across 42 states in the United States.
- Los Angeles, California – Levine Leichtman Capital Partners is based in Los Angeles, California.
- Tempe, Arizona – SYNERGY HomeCare is headquartered in Tempe, Arizona.
Industry
- Healthcare – SYNERGY HomeCare operates in the healthcare sector, providing non-medical in-home care services to seniors and individuals with special needs.
- Private Equity – The article involves a private equity firm, Levine Leichtman Capital Partners, acquiring a company, a key activity in the financial sector.
- Franchising – SYNERGY HomeCare operates as a franchisor with over 240 franchises, indicating its substantial presence in the franchising industry.
Financials
- Not disclosed – Financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SYNERGY HomeCare Franchising, LLC | Target Company | Company | A franchisor providing non-medical in-home care services across the United States. |
| Levine Leichtman Capital Partners | Bidding Company | Company | A private equity firm based in Los Angeles, focused on acquiring companies across various sectors. |
| NexPhase Capital, LP | Selling Company | Company | The previous owner of SYNERGY HomeCare. |
| Charlie Young | CEO | Person | CEO of SYNERGY HomeCare leading its management team. |
| Matthew Frankel | Managing Partner | Person | Managing Partner at Levine Leichtman Capital Partners. |
| Greg Flaster | Managing Director | Person | Managing Director at Levine Leichtman Capital Partners. |
| Honigman LLP | Legal Advisor | Company | Provided legal counsel to Levine Leichtman Capital Partners for the acquisition. |
| DLA Piper | Legal Advisor | Company | Served as legal counsel to Levine Leichtman Capital Partners in the transaction. |
| Apogem Capital | Debt Financing Provider | Company | Provided debt financing for the acquisition of SYNERGY HomeCare. |