MidOcean Partners, a premier middle market private equity firm focused on the consumer and business services sectors, acquired LYNX Franchising, an Alpharetta, Georgia-based multi-brand franchise platform focused on commercial and industrial services with core offerings in cleaning and disinfecting, disaster remediation, and virtual office services.
The amount of the deal was not disclosed.
MidOcean Partners intends to accelerate the companyās growth plan through various organic and inorganic initiatives.
Led by Russ Reynolds (CEO), Michael Borreca (CFO) and Tom OāHare (COO), Lynx Franchising is a multi-brand franchise platform focused on B2B services offering commercial cleaning, fabrics and electronics restoration, and virtual office service and space solutions through its three brands: JAN-PRO, FRSTeam, and Intelligent Office. The company has a geographic reach of nearly 225 franchised and owned locations across its three brands: JAN-PRO, a commercial cleaning and disinfecting franchise; FRSTeam, a leader in the restoration of fabrics, textiles, and electronics; and Intelligent Office, a professionally staffed, temporary, and virtual office space franchise for mobile executives and small businesses.
FinSMEs
04/01/2020