Trilantic North America, a leading private equity firm with aggregate capital commitments of $5.7 billion, today announced that it has completed its investment in Home Franchise Concepts (“HFC” or the “Company”).
Trilantic North America now holds a majority stake in HFC, with the Company’s founders and management remaining substantial shareholders. In connection with the transaction, former Chief Financial Officer Shirin Behzadi has been named Chief Executive Officer of the Company. Additionally, former CEO Chad Hallock has been named a member of HFC’s Board of Directors.
“We are excited to partner with Trilantic North America in our next stage of development,” said Ms. Behzadi. “Chad has done a tremendous job leading the Company and we look forward to continuing to expand our business while serving our franchisees and customers.”
Added Charles Fleischmann, Partner at Trilantic North America: “HFC has established itself as a leader within the home services franchising industry, and the Company has an attractive opportunity set to drive continued growth. We look forward to working closely with Shirin and the entire senior management team to chart a successful path for HFC, its franchisees and customers.”
HFC’s flagship franchise concept, Budget Blinds, was founded in 1992 and has experienced robust growth across North America since inception. In the last several years, the Company has expanded its franchise portfolio to include Tailored Living and Concrete Craft, and is a leader in the home services category with more than 1,150 franchises across North America.
January 19, 2016