LYNX Franchising Acquires FRSTeam
June 11, 2020
LYNX Franchising, a multi-brand franchise platform and portfolio company of Incline Equity Partners, has acquired FRSTeam, a restoration franchise specializing in smoke, fire, water and mold damage. The acquisition adds restoration services to LYNX's B2B franchising platform, expanding its service offerings and value proposition to franchisees and commercial customers.
- Targets
- FRSTeam
- Platforms
- LYNX Franchising
- Industry
- Professional Services
- Location
- United States
- Transaction Type
- Addon
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MidOcean Partners has acquired LYNX Franchising, a multi-brand franchise platform that operates JAN-PRO, FRSTeam and Intelligent Office and has roughly 225 franchised and company-owned locations. MidOcean intends to accelerate LYNX’s growth through organic initiatives and strategic M&A; financial terms were not disclosed. The seller was Incline Equity Partners, which had owned LYNX since 2016.
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