Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has partnered with management to acquire SYNERGY HomeCare Franchising, LLC (“SYNERGY” or the “Company”) from NexPhase Capital, LP (“NexPhase”). Financial terms of the transaction were not disclosed.

SYNERGY is an industry-leading provider of in-home care services to seniors and individuals of all ages with over 240 franchises operating in approximately 550 territories across 42 states. 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. SYNERGY was founded in 1999 and is headquartered in Tempe, AZ.

The Company will continue to be run by the existing executive team led by the 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 across the country.”

SYNERGY is the eighth platform investment of LLCP Lower Middle Market Fund III, L.P. Across its funds, LLCP has extensive experience investing in the franchising industry, including prior investments of in-home care concepts such as Senior Helpers and Caring Brands, and more broadly in franchising, including Tropical Smoothie Cafe, Kilwins, Nothing Bundt Cakes, and Hand & Stone. SYNERGY represents LLCP’s 17th franchising investment, with a combined 31 brands, across a variety of industries.

Honigman LLP and DLA Piper served as legal counsel to LLCP on the transaction. Debt financing was provided by Apogem Capital.

SYNERGY was advised by Houlihan Lokey and Robert W. Baird & Co.