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
- Industry
- HVAC & Mechanical
- Location
- United States
- Transaction Type
- Addon
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