Trilantic North America Completes Investment in Home Franchise Concepts
Shirin Behzadi, former CFO, becomes CEO of Home Services Franchisor
New York – January 19, 2016 – 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.
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About Home Franchise Concepts
Home Franchise Concepts (“HFC”) is a leading franchisor in the home services category and parent company to franchise brands Budget Blinds®, Tailored Living® and Concrete Craft™. Based in Orange, California, HFC offers low investment, home-based/small warehouse franchise opportunities in the United States, Canada and Mexico. For more information on HFC and its franchise opportunities, visit homefranchiseconcepts.com.
About Trilantic North America
Trilantic Capital Management L.P. (“Trilantic North America”) is a private equity firm focused on control and significant minority investments in North America. Trilantic North America’s primary investment focus is in the business services, consumer, energy and financial services sectors. Trilantic North America currently manages four private equity funds with aggregate capital commitments of $5.7 billion. For more information, visit www.trilantic.com.
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