LLCP and Management Acquire Synergy Homecare

By: SYNERGY HomeCare | 0 Shares 136 Reads

January 21, 2025 // Franchising.com // Tempe, Arizona – Levine Leichtman Capital Partners (“LLCP”) announced today that it has partnered with management to acquire SYNERGY HomeCare from NexPhase Capital.

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 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.”

Honigman LLP and DLA Piper served as legal counsel to LLCP. SYNERGY HomeCare was advised by Houlihan Lokey, Baird, McDermott Will & Emery, and Lathrop GPM. Terms of the transaction were not disclosed.

SOURCE About Levine Leichtman Capital Partners

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