Harris Williams Advises LYNX Franchising on Its Sale to MidOcean Partners
January 05 2021 - 10:08AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised LYNX Franchising, a
portfolio company of Incline Equity Partners (Incline), on its sale
to MidOcean Partners (MidOcean). LYNX Franchising is a multi-brand
franchise platform with a complementary collection of B2B essential
services. The transaction was led by Brent Spiller, Beau Pierce and
Trey Shehan of the Harris Williams Consumer Group.
“LYNX Franchising is a best-in-class franchising platform with a
long track record of organic and acquisition driven growth, and
this transaction marks the continuation of strong investor demand
for premier franchise services platforms,” said Brent Spiller, a
managing director at Harris Williams. “It was a pleasure working
with the teams at LYNX Franchising and Incline, and we look forward
to watching LYNX Franchising’s next chapter unfold under its new
ownership.”
LYNX Franchising has a portfolio of brand offerings that provide
commercial customers with cleaning services (Jan-Pro), virtual and
office space services (Intelligent Office), and restoration
services (FRSTeam). LYNX Franchising offers a strong value
proposition to franchisees through branding, lead generation and
corporate infrastructure support services.
Incline, headquartered in Pittsburgh, is a private equity firm
investing in manufacturing, distribution and business services
companies. Incline is generally seeking growing companies with
enterprise values of $25 million to $450 million. Incline’s typical
investment types are ownership transitions for privately held
businesses, buyouts and corporate divestitures within the U.S. and
Canada.
MidOcean is a premier New York-based alternative asset manager
that specializes in middle market private equity and alternative
credit investments. Since its inception in 2003, MidOcean Private
Equity has managed approximately $4.8 billion of committed capital
and has targeted investments in high-quality middle market
companies in the consumer and business services sectors. MidOcean
Credit Partners was launched in 2009 and currently manages
approximately $8 billion across a series of alternative credit
strategies, collateralized loan obligations (CLOs) and customized
separately managed accounts.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across industry groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed more than 60
transactions in recent years across a variety of verticals,
including branded consumer products; consumer services; food,
beverage and agribusiness; and restaurant and retail. For more
information on the Harris Williams Consumer Group and other recent
transactions, visit the Consumer Group’s section of the Harris
Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210105005654/en/
Julia Moore at media@harriswilliams.com.
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Mar 2024 to Apr 2024
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Apr 2023 to Apr 2024