NexPhase Capital Sells SYNERGY HomeCare to Levine Leichtman Capital Partners
- Editor
- Jan 21
- 2 min read
What's Happening: NexPhase Capital has announced the sale of SYNERGY HomeCare, a leading provider of in-home care services, to Levine Leichtman Capital Partners. The sale marks the end of NexPhase's partnership with SYNERGY, which began in 2018 and saw significant growth and expansion of the company's services and reach.
The Key Moves:
SYNERGY HomeCare has grown to approximately 550 territories in 42 states across the United States.
The company has made significant investments in people, processes, and infrastructure during NexPhase's ownership.
SYNERGY has executed on strategic initiatives including enhancing operations and creating national partnerships with leading service providers.
By The Numbers :
SYNERGY HomeCare has been the fastest growing franchisor in the home care industry based on territory growth over the past four years.
The company provides services in approximately 550 territories across 42 states.
NexPhase Capital has raised and managed approximately $2.6 billion of capital since inception.
Key Quotes:
"Over the past four years, SYNERGY has been the fastest growing franchisor in the home care industry based on territory growth, and we are grateful to our partners at NexPhase for helping us bring our care and service offerings to an expanded base of clients across the country," said Charlie Young, CEO of SYNERGY.
"We are grateful to Charlie, the entire SYNERGY team, and the Company's founder Peter Tourian, who entrusted us with helping advance their vision to become a leading in-home care services provider," said Andy Kieffer, Partner and Head of Healthcare at NexPhase.
"Together, we have supported the Company's significant growth efforts while expanding access to SYNERGY's leading care and services. We are proud of what we accomplished together and look forward to seeing what the incredible SYNERGY team achieves next," added Andy Kieffer.
The Bottom Line: The sale of SYNERGY HomeCare to Levine Leichtman Capital Partners marks a successful exit for NexPhase Capital after a period of significant growth and expansion for the in-home care provider. Under NexPhase's ownership, SYNERGY has become the fastest-growing franchisor in the home care industry, expanding its reach to 550 territories across 42 states and enhancing its operations and partnerships.
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