Linsalata Capital Partners Acquires Home Helpers
Mayfield Heights, Ohio (February 4, 2016) – Linsalata Capital Partners (LinCap), a Cleveland-based private equity firm, announced that it has acquired a majority interest in H.H. Franchising Systems, Inc. (“Home Helpers”). The acquisition of Home Helpers is the sixth platform investment in Linsalata Capital Partners Fund VI, L.P., a $427 million fund focused on lower middle market transactions. Terms of the Home Helpers acquisition were not disclosed.
Home Helpers, headquartered in Cincinnati, Ohio, is a leading franchisor of in-home care in the United States with a franchise network of individual owner operators serving more than 600 communities in 42 states. The Company is primarily focused on personal and companion care serving the senior market, but also provides in-home care services for new and expectant mothers, individuals undergoing rehabilitation, post-surgical patients, and individuals suffering from long-term disabilities. Additionally, the Company offers a suite of medical alert systems and personal emergency response systems through its Direct Link® brand that empower seniors to live independently. The Company will continue to be led by its accomplished management team including President and CEO, Emma Dickison, who possesses over 20 years of franchise leadership experience.
Ms. Dickison commented, “This is an exciting new chapter for Home Helpers, its employees and franchise owners. Partnering with LinCap will allow Home Helpers to continue to invest in our organization to support our franchise owners and provide compassionate in home care.”
Jay Studdard, Managing Director of LinCap, said, “We are excited to be partnering with Emma Dickison and the entire Home Helpers management team to build on the success they have achieved and support the future growth of the company. Home Helpers presents a unique opportunity for LinCap to build on its experience in the health care industry by investing in one of the leading home health care brands in the United States that is well positioned for significant growth.”