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LYNX Franchising

LYNX Franchising is a leading franchisor of recurring commercial services. LYNX has developed a portfolio of complementary brand offerings that provide commercial customers cleaning services (JAN-PRO), virtual and office space services (Intelligent Office) and restoration services (FRSTeam).

PORTFOLIO STORY

How We Partnered

Transaction Dynamics

A partnership with management to purchase the company.  Management made a significant investment in the company as part of the transaction.

Investment Thesis

  • Consistent royalty revenue growth driven by recurring, non-discretionary services
  • Established player in a fragmented market
  • Franchise model provides significant operating leverage as well as “owner/operator” alignment that ensures high-quality service
  • Attractive financial profile and free cash flow conversion
  • Multiple avenues for growth, including further penetration of existing markets and expansion into new territories

Incline Value Enhancement

  • Support existing franchisee growth
  • Develop pipeline of potential franchisees
  • Add management talent to support future growth
  • Explore new franchise concepts
HEADQUARTERS

Alpharetta, GA

STATUS

Active

INDUSTRY

Business Services

FUND

Fund III

INVESTMENT DATE

October 2016

We know how to continue expanding the core franchise brands. We needed a partner that would support the organic growth, but more importantly, that would provide strategic guidance in evaluating new opportunities for the Company. Incline had notable experience helping businesses diversify their offerings through adding complementary products and services.

Russ Reynolds, Chief Executive Officer

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