Boxwood Partners Facilitates the Sale of Camprendy, Inc. to Highland Arms Enterprises

Boxwood Partners Facilitates the Sale of Camprendy, Inc.

Boxwood Partners, a prominent investment banking firm, has successfully brokered the sale of Camprendy, Inc., a significant franchisee of Precision Garage Door Service. This transaction marks a pivotal development in the garage door services landscape, particularly in Regions such as the Bay Area and Sacramento.

A Strategic Move

The acquisition by Highland Arms Enterprises, a portfolio company under Main Post Partners, reflects a strategic move towards expanding the footprint of Precision Garage Door Service along the West Coast. With Camprendy's existing operations covering a vast territory from San Diego to Seattle, this acquisition creates one of the largest continuous service areas in the franchise's history.

Brian Alas, Managing Director at Boxwood Partners, remarked on the significance of this deal, stating, "This transaction highlights the ongoing consolidation within Neighborly and the Precision Garage Door brand itself. Camprendy has established itself as a high-performing franchise with impressive organic growth, and pairing it with HAE is a strategic best fit."

The Strength of Camprendy, Inc.

Camprendy, Inc. stands out as a leading service provider in its area, catering to over 4 million households. This notable company is renowned for its top-tier residential garage door service and repair. Under the leadership of owner Pat Prendergast, the franchise has excelled, reflecting a commitment to premium service delivery and customer satisfaction. In discussing the sale, Prendergast expressed confidence in the partnership's potential to further enhance service capabilities.

Aligning with Growth Opportunities

The investment by Highland Arms Enterprises is part of a broader strategy to acquire additional franchise locations across Neighborly's diverse brand spectrum. This not only expands the service range but also fortifies the operational capabilities of Camprendy as it continues to grow within the residential service sector.

Aaron Garcia, Partner at Main Post Partners, echoed Prendergast's sentiments, emphasizing Camprendy's strong market position and reputation. "This acquisition aligns perfectly with our aspiration to build a leading residential services platform, and we're excited about the future prospects that lie ahead," he stated.

The Advisory Role of Boxwood Partners

Boxwood Partners played a crucial role in this transaction, acting as the exclusive financial advisor for Camprendy. The team's expertise in navigating complex franchise operations and providing tailored advisory services has equipped them to foster successful transitions for their clients. Alongside leading industry figures such as Madison Day and John Atkinson, the Boxwood team ensured a smooth transaction process.

The firm has successfully completed numerous transactions within the residential services sector and continues to gain recognition for its dedication to both franchises and franchisors. Boxwood's comprehensive understanding of the franchise business model put them in a prime position to facilitate a successful sale.

Conclusion

The sale of Camprendy, Inc. to Highland Arms Enterprises is not just a significant business transaction but a major step towards building a formidable service network across the West Coast. As Boxwood Partners continues to lead in the investment banking field, their role in facilitating this transaction underscores the firm's dedication to enhancing client value and fostering industry growth. With exciting opportunities ahead, both companies are set to thrive in the evolving residential garage door service market.