Pouschine Cook Capital Management, the New York-based lower middle market private equity firm, has struck a deal to recap Griswold Home Care, a nationwide home care franchisor. Specifics of the deal were not publicized. Griswold was founded in Pennsylvania.
NEW YORK, NY–(Dec 19, 2012) – Pouschine Cook Capital Management, LLC, a lower middle market private equity firm, has announced a recapitalization of Griswold Home Care, a nationwide non-medical home care franchisor.
Founded by Jean Griswold over 30 years ago in the Philadelphia suburbs, Griswold Home Care serves clients across 31 states. Griswold Home Care is a leader in the home care industry having recently been recognized in the Philly 100, Inc. 500/5000 and Entrepreneur Magazine.
Pouschine Cook, with both home care and franchising experience, recognized “Griswold is a well-managed business with substantial growth prospects,” says John Pouschine, co-founder of Pouschine Cook. “Graham Weihmiller, Tom Monaghan and the rest of the team have done an excellent job building the business, and we look forward to taking advantage of the growth opportunities with them.”
“We have a 30-year history advocating for clients, caregivers, and referral sources in our home care community. Along this journey, like-minded individuals and groups have contributed to the growth and success of the organization. It was our intent to select investors that shared our values and vision for Griswold,” notes Graham Weihmiller, President and CEO of Griswold Home Care, “Together we are excited to accelerate the initiatives important to the ultimate goal of enabling clients to receive outstanding, compassionate home care at an affordable rate.”
“Graham and Tom have done a fantastic job expanding Griswold Home Care to a national footprint, and we are excited to support their future visions for the Company. The combination of our franchise and home care investment experiences should allow us to guide the Company’s long term strategy,” added Geoff Teillon, Principal at Pouschine Cook.
About Pouschine Cook Capital Management
Pouschine Cook Capital Management is a New York City-based private equity firm that actively invests in proven, lower middle market companies ranging from $20-250 million in revenue, that have a leading position in their niche or industry, and significant growth opportunities. For more information, visit www.pouschinecook.com.
About Griswold Home Care
For those in need and their families, Griswold Home Care is a purpose-driven non-medical home care services company that celebrates, educates, and advocates the choice to remain independent at home. Their unique consumer-directed home care approach has restored balance and quality of life for clients since 1982. For more information, visit: http://www.griswoldhomecare.com.