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Franchise Equity Partners Expands Investment with Precision Garage Door Service and Acquires Orlando and Ocala, Florida Markets

PRIVATEJan 16, 2024

Acquiring Company

Franchise Equity Partners

Acquired Company

Precision Garage Door Service

New YorkTitusvilleFinancial ServicesFinanceVenture CapitalAngel InvestmentConstruction

Description

Franchise Equity Partners (FEP) has expanded its investment in the home services space by acquiring the Precision Garage Door Service franchise operations in Orlando and Ocala, Florida. This acquisition is part of FEP's partnership with management of Reliable Residential HoldCo and demonstrates FEP's commitment to investing in operations throughout Florida. The strategic investment will help grow Precision Garage Door Service's platform in the Orlando and Ocala markets and will enable the world's largest home services company to expand in key markets.

Quick answer

Franchise Equity Partners is acquiring Precision Garage Door Service, announced January 16, 2024. Franchise Equity Partners is based in New York, New York, United States.

How much did Franchise Equity Partners pay for Precision Garage Door Service?
The deal value was not disclosed.
What does Franchise Equity Partners do?
Franchise Equity Partners is a private investment firm specializing in providing capital to franchise businesses and their owners.
Where are Franchise Equity Partners and Precision Garage Door Service based?
Franchise Equity Partners is based in New York, New York, United States. Precision Garage Door Service is based in Titusville, Florida, United States.
Who are the decision-makers at Franchise Equity Partners?
Fundz holds 5 contacts at Franchise Equity Partners. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Franchise Equity Partners

Location

New York, New York, United States

About

Franchise Equity Partners is a private investment firm specializing in providing capital to franchise businesses and their owners. Its differentiated approach combines extensive corporate finance and operating experience with an initial target portfolio size of $1 billion to enable growth, ownership simplification, succession and estate planning, among other strategic business opportunities. To learn more about Franchise Equity Partners, please visit www.fep-us.com or follow the firm on LinkedIn. Contact: Alyssa Pfitscher (845)-594-7290 apfitscher@fish-consulting.com SOURCE Franchise Equity Partners

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Frequently asked

Who acquired Precision Garage Door Service?

Precision Garage Door Service was acquired by Franchise Equity Partners, based in New York. The deal was reported on January 16, 2024. Franchise Equity Partners is a private investment firm specializing in providing capital to franchise businesses and their owners. Franchise Equity Partners is privately held and operates in Financial Services.

When did Franchise Equity Partners acquire Precision Garage Door Service?

Franchise Equity Partners's acquisition of Precision Garage Door Service was reported on January 16, 2024. Franchise Equity Partners (FEP) has expanded its investment in the home services space by acquiring the Precision Garage Door Service franchise operations in Orlando and Ocala, Florida. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Precision Garage Door Service do?

Precision Garage Door Service is the leading garage door franchise with more than 100 locations nationwide. The company was acquired by Neighborly in 2020 and has experienced considerable growth under the home services company's vision. It is privately held, operating in Construction, and is based in Titusville.

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