Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, announces the sale of Lynx Franchising (“LYNX” or the “Company”), a multi-brand franchise platform with a complementary collection of B2B essential services. Incline invested in the Company in 2016.
Based in Atlanta, GA, LYNX has a portfolio of brand offerings that provide commercial customers with cleaning services, virtual and office space services and fabric and electronics restoration services. The Company offers a strong value proposition to franchisees through branding, lead generation and corporate infrastructure support services.
Russ Reynolds, LYNX CEO, said, “Incline helped us grow the business through investments such as acquiring additional franchise brands, expanding the management team and implementing a comprehensive information technology system. Incline provided the expertise and support that we needed to execute on these strategic initiatives. We are very grateful for their partnership.”
“We are proud to have helped transform the business from a commercial cleaning franchisor into a multi-brand franchise platform,” said Joe Choorapuzha, Partner at Incline. “In addition to expanding service capabilities through acquisition, we focused our efforts on developing the infrastructure and management team needed to scale operations. With the foundation in place that allowed LYNX to more than double in size over our hold period, the Company is strategically positioned for its next phase of growth.”
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $450 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
Incline Management, L.P. (“IMLP”) is registered with the U.S. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended. Registration as an investment adviser does not imply a certain level of skill or training. IMLP provides investment advisory services only to privately offered funds. IMLP does not solicit or make its services available to the public or other advisory clients. This press release is intended solely to provide information regarding Incline’s potential capabilities for prospective portfolio companies, and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities. The statements contained herein are not statements of any IMLP client fund or investor and do not describe any experience with or endorsement of IMLP as an investment adviser by any such client or investor.