Comfort Keepers Franchise Purchased by a Boston Private Equity Firm
The Dayton Business Journal reports that Allied Capital Corp. will pay $45.2 million to support the buyout of Comfort Keepers Franchise by Boston-based private equity firm Webster Capital.
CK Franchising Inc., which provides home care around the country as Comfort Keepers, has been sold to private equity investors.
Dayton, Ohio based CK Franchising operates more than 500 Comfort Keepers franchises in 46 states and seven countries.
“Both companies have long histories of identifying strong companies with significant growth potential and providing guidance and resources for growth,” said Jim Booth, president and chief executive officer of CK Franchising. “This is an ideal marriage for CKFI and our franchisee owners.”
Comfort Keepers ranks as the area’s seventh largest home health care agency with $4 million in 2006 revenue, according to Dayton Business Journal research.
Cross Posted at: Let’s Talk Franchising
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Only $4 million in revenue? I thought the franchisor’s income would have been significantly more. And…They were acquired for a multiple of more than 10 times revenue??!?!? Wow.
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I believe the revenue quoted was just for the Dayton, Ohio franchisee ($4.5 million) not the revenue of the franchisor (CK Franchising).
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