Sydnic Acquires Precision Garage Door Franchises in North Carolina and Virginia

February 22, 2024

Sydnic, a portfolio company of SBJ Capital, has acquired four Precision Garage Door Service franchise territories — Raleigh and Fayetteville, North Carolina (from Tim and Lynn Yeager) and Virginia Beach and Richmond, Virginia (from Scott and Shauna Kale). The sellers reinvested a portion of their ownership into Sydnic and the deal expands Sydnic’s footprint to 14 markets as it pursues additional Neighborly-brand franchise acquisitions.

Buyers
Sydnic, LLC, SBJ Capital
Targets
Precision Garage Door Service (Raleigh, NC franchise), Precision Garage Door Service (Fayetteville, NC franchise), Precision Garage Door Service (Virginia Beach, VA franchise), Precision Garage Door Service (Richmond, VA franchise)
Sellers
Tim and Lynn Yeager, Scott and Shauna Kale
Platforms
Sydnic
Location
United States
Transaction Type
Addon

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