#United States #Tempe #LLCP #SYNERGY HomeCare #NexPhase Capital

Overview of the Sale of SYNERGY HomeCare

On January 21, 2025, NexPhase Capital, LP, a private equity firm dedicated to operational excellence and thematic investments, disclosed the sale of SYNERGY HomeCare, a prominent provider of in-home care services for seniors and individuals of all ages. The acquisition was completed by Levine Leichtman Capital Partners (LLCP), although the specific terms of the transaction were not revealed.

SYNERGY HomeCare: A Leader in In-Home Care

Founded in 1999 and based in Tempe, Arizona, SYNERGY HomeCare stands out for its comprehensive suite of personalized services. The company specializes in non-medical personal care, companion care, specialized support for individuals with disabilities and chronic health conditions, and hospital-to-home care services. The focus is always on enhancing health, independence, and support for clients within the familiar surroundings of their homes.

The franchise-first culture and localized care approach have been pivotal in SYNERGY's impressive growth trajectory. Presently, the company operates approximately 550 territories across 42 states, making it one of the fastest-growing franchises in the home care sector.

A Successful Partnership with NexPhase

SYNERGY's CEO, Charlie Young, expressed his gratitude towards NexPhase for their contribution over the last four years. Under their guidance, SYNERGY transformed into a front-runner in the home care domain, characterized by a significant increase in territories and an expanded client base. Young highlighted that the support from NexPhase facilitated their mission to deliver personalized and high-quality care nationwide.

Since forming a partnership with NexPhase in 2018, SYNERGY made several strategic advancements. The company invested heavily in its personnel, infrastructure, and operational processes to guarantee the highest quality of care for their clients and their families. SYNERGY additionally embarked on long-term strategic initiatives to enhance overall operations, including national partnerships with leading service providers, securing its reputation as the preferred home care provider among franchisees, caregivers, and clients alike.

Looking Ahead with LLCP

NexPhase's partner, Andy Kieffer, acknowledged the efforts that SYNERGY and its founder, Peter Tourian, put into building a premier in-home care service. Kieffer expressed pride in the accomplishments achieved during their collaboration and voiced excitement for what the future holds for SYNERGY under LLCP's stewardship.

SYNERGY HomeCare was advised by a robust team including Houlihan Lokey, Baird, and McDermott Will & Emery during the transaction. Legal support was provided by Lathrop GPM, DLA Piper, and Honigman LLP for LLCP.

About NexPhase Capital

NexPhase Capital is a lower middle-market private equity firm that invests in growth-oriented and capital-efficient businesses across three specific verticals: healthcare, software, and consumer products. The firm targets control equity investments in companies poised for significant growth. Since its inception, NexPhase has raised around $2.6 billion to fuel its investment strategies.

Conclusion

The transition of SYNERGY HomeCare to LLCP marks a significant milestone in the company's journey of expansion and excellence in home care service delivery. With a solid foundation laid during its partnership with NexPhase, SYNERGY is well-positioned for continued growth and success in meeting the growing needs of in-home care services nationwide.