Levine Leichtman Capital Partners to Acquire SYNERGY HomeCare

TEMPE, Arizona—Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, announced it has partnered with management to acquire SYNERGY HomeCare, a provider of in-home care services, from private equity firm NexPhase Capital. SYNERGY HomeCare said it will continue to be run by its current executive team and led by its current CEO, Charlie Young.

“We are excited to have LLCP’s deep expertise in supporting and successfully growing franchised businesses like ours, as well as a shared vision for the future as we fulfill our mission to provide world class care at home for all,” Young said. “Our key priorities continue to be growth-oriented, including opening new markets, helping optimize our existing franchisees’ operations, enhancing our service offerings and expanding access to professional in-home care to more people. We are grateful for the support of our partners at NexPhase, who helped us achieve industry-leading growth and bring our care and service offerings to an expanded base of clients across the country.”

SYNERGY HomeCare seeks to provide a range of non-medical in-home services, including personal care, companion care, memory care and specialized care for individuals who are living with physical and/or developmental disabilities, chronic health conditions or recovering from illness or surgery. Founded in 1999, SYNERGY HomeCare has more than 240 franchises that operate in 42 states across the U.S.

“We are thrilled to partner with Charlie and the existing management team, who have driven the exceptional growth of SYNERGY,” said Matthew Frankel, managing partner of LLCP. “We look forward to working with them to enhance their market-leading value proposition as they continue to accelerate systemwide sales and territory growth. Charlie and the rest of the management team have had tremendous success, and we are excited to leverage our extensive experience investing in the franchising space, including the homecare market, to pursue various strategic growth initiatives.”

With the acquisition of SYNERGY HomeCare, LLCP has now completed its 17th franchising investment, including prior investments of in-home care concepts such as Senior Helpers and Caring Brands.

“SYNERGY is one of the fastest-growing, nationally scaled franchisors in the in-home care industry, having led the sector in territory growth in recent years,” said Greg Flaster, managing director at LLCP. “With a wide array of non-medical in-home care services for patients and valuable tools provided to franchisees, we believe SYNERGY is uniquely positioned to benefit from the industry’s attractive tailwinds. We are excited to capitalize on these favorable tailwinds, and more broadly, we look forward to supporting the company through this next chapter of success.”