Incline Equity Partners has acquired Alpharetta, Georgia-based Jan-Pro, a commercial cleaning franchise. The seller was Webster Capital. No financial terms were disclosed. UPDATE: Webster realized a 2.3 return on the deal, a source said.
Waltham, MA (October 3, 2016) – Webster Capital is pleased to announce the sale of Jan-Pro to Incline Equity Partners. Jan-Pro, based in Alpharetta, Georgia, is a market leading franchise-based commercial cleaning system focused on small and mid-sized commercial enterprises and residential customers.
“It has been a pleasure working with the professionals at Jan-Pro and we are proud of the work we have done to help the Company thrive during our ownership,” said David Malm, Co-Managing Partner at Webster and Head of Healthcare Services at Webster.
Eddie Curry, President and Chief Executive Officer of Jan-Pro, said, “I am extremely proud of what the management team has accomplished under Webster’s ownership and we are excited to continue to grow the business with Incline Partners.”
About Webster Capital
Founded in 2003, Webster Capital is a private equity partnership which helps companies unlock their potential. Webster focuses on branded consumer and healthcare services companies with EBITDA between $3 million to $15 million. Webster Capital provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. At present, Webster has $600 million under management and is currently investing Fund III, a $400 million fund raised in 2014.
For additional information on Webster Capital, please visit www.webstercapital.com.
Jan-Pro is a leading franchisor of commercial cleaning services. Jan-Pro’s franchise network is comprised of master franchises with exclusive geographic markets who support independently owned unit franchises that perform cleaning services for its customers. The company focuses on serving light commercial businesses with footprints of less than 50,000 square feet such as automotive dealerships, fitness centers, banks, religious facilities, preschools and medical offices. For additional information on Jan-Pro, please visit www.Jan-Pro.com.