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LYNX Franchising

LYNX Franchising is a multi-brand franchise platform with a complementary collection of B2B essential services. LYNX has a portfolio of brand offerings that provide commercial customers with cleaning services (JAN-PRO), virtual and office space services (Intelligent Office) and fabric and electronics 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

  • Expanded management team to support platform growth
  • Acquired two leading franchise brands
  • Implemented a comprehensive IT system
  • Introduced a new digital marketing program
HEADQUARTERS

Alpharetta, GA

STATUS

Realized

INDUSTRY

Business Services

FUND

Fund III

INVESTMENT DATE

October 2016

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.

Russ Reynolds, Chief Executive Officer

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