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LLCP and management acquire Five Star Franchising

PRIVATENov 10, 2026

Acquiring Company

Levine Leichtman Capital Partners

Acquired Company

Five Star Franchising

Beverly HillsSoftware

Description

Levine Leichtman Capital Partners partnered with management to acquire Five Star Franchising from Princeton Equity Group, with financial terms undisclosed. Five Star's existing executive team, led by co-founders Scott Abbott and Chad Jones, will continue to run the company. The deal is LLCP's sixth platform investment from Levine Leichtman Capital Partners VII, L.P. and its 19th franchising investment.

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Company Information

Company

Levine Leichtman Capital Partners

Location

Beverly Hills, California, United States

About

Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 38-year track record of investing across various targeted sectors, including franchising, professional services, education and engineered products. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. This unique structure provides a less dilutive solution for management teams and entrepreneurs, while delivering growth and income with a significantly lower risk profile. LLCP’s global team of dedicated investment professionals is led by seven partners who have worked at LLCP for an average of 22 years. Since inception, LLCP has managed approximately $12.7 billion of institutional capital across 15 investment funds and has invested in over 90 portfolio companies. LLCP currently manages $9.0 billion of assets – including its most recent flagship fund, Levine Leichtman Capital Partners VI, L.P., which closed in 2018 with $2.5 billion of committed capital – and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm and The Hague.

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Frequently asked

Who acquired Five Star Franchising?

Five Star Franchising was acquired by Levine Leichtman Capital Partners, based in Beverly Hills. The deal was reported on November 10, 2026. Levine Leichtman Capital Partners is privately held.

When did Levine Leichtman Capital Partners acquire Five Star Franchising?

Levine Leichtman Capital Partners's acquisition of Five Star Franchising was reported on November 10, 2026. Levine Leichtman Capital Partners partnered with management to acquire Five Star Franchising from Princeton Equity Group, with financial terms undisclosed. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Five Star Franchising do?

Five Star Franchising is an innovative group of franchised brands that includes 1-800-Packouts, 1-800-Textiles, Five Star Bath Solutions, Joe Homebuyer, Gotcha Covered and Bio-One. It is privately held, operating in Software.

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