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
Similar Posts:
- Comfort Keepers a keeper?
- My Take on Papa Murphy’s Acquisition (updated April 7, 2010 @ 8pm EST)
- Is caring for the elderly a profitable business?
- ActionCOACH Franchise Wins 2007 Stevie Award
- Structuring the New Franchisor
With over 25 years of franchise, marketing, and entrepreneurial experience, and the owner of Franchise Perfection, Jim Coen, brings key skills to franchise consulting for those interested in buying a franchise business opportunity.
Jim has been a franchisee, worked for franchisors, ran a multi unit operation for a franchisee, and served as a franchise consultant matching candidates with the right franchise.
At Franchise Perfection there is no perfect franchise, but there is always a perfect match.
For over 20 years Jim worked with Super Coups. Super Coups is a MA based direct mail franchise business to business opportunity.
Prior to Super Coups Jim successfully marketed franchises in the New England area for Uniglobe Travel Northeast a travel franchise, Merry Maids a maid cleaning franchise, & Emack & Bolio an Ice Cream franchise.
Jim was the host of a popular radio show in the Boston Area called "Let's Talk Franchising" that was broadcast on AM 1060 WBIX The Boston Business Station.
Jim currently serves on the Board of Directors of the New England Franchise Association (NEFA) www.nefranchise.org
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.
I believe the revenue quoted was just for the Dayton, Ohio franchisee ($4.5 million) not the revenue of the franchisor (CK Franchising).