Incline Equity Partners has acquired Alpharetta, Georgia-based Premium Franchise Brands, a global franchise platform. No financial terms were disclosed.
Incline Equity Partners (“Incline”), a Pittsburgh-based lower middle-market private equity firm, announces the purchase of Premium Franchise Brands (“PFB” or the “Company”), a leading franchisor of light commercial and residential cleaning services through its Jan-Pro and Maid Right franchise brands.
Headquartered in Alpharetta, GA, PFB is an award-winning, global franchise platform. The Company’s legacy commercial cleaning franchise, Jan-Pro, has served the market for over 25 years, consistently ranking among the fastest growing franchise concepts in the U.S. In 2013, PFB expanded the platform by launching Maid Right, a rapidly growing franchise focused on the residential market.
Wali Bacdayan, Partner with Incline, said, “We were very impressed with the management team from the beginning. They’ve been remarkably successful in developing the Jan-Pro franchise, and they are deeply passionate about the Company’s value proposition of providing superior service. We are fully confident in their ability to transfer this success to the Maid Right franchise as well as in their ability to further penetrate new and existing Jan-Pro markets while supporting the growth of the master franchisees.”
“This management team has seen the Company through several phases of growth,” said CEO and President of PFB, Eddie Curry. “We know how to continue expanding the core franchise brands. We needed a partner that would support the organic growth, but more importantly, that would provide strategic guidance in evaluating new opportunities for the Company. Incline had notable experience helping businesses diversify their offerings through adding complementary products and services.”
This acquisition marks the ninth transaction for Incline in 2016. In addition to adding PFB to the portfolio, Incline recently closed on new platform company Ned Stevens and has completed three add-on acquisitions: Double E Company acquired Appleton Mfg.; AFC Holdings acquired Eckart and Finard; and Dorner Mfg. acquired Geppert. Incline also completed recapitalizations of Oracle Elevator, BCI Burke LLC, and Bacharach and completed its first exit in the third fund with the successful sale of AmSpec.