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Franchise fastlane8/15/2023 ![]() ![]() “Their partnership, expertise, and industry knowledge will enable us to dedicate our focus to key areas of our strategy, including investment in our people, organic sales growth, territory expansion, and acquisitions. “MidOcean has an impressive track record of investing in and growing leading middle market services companies,” said Russell Reynolds, CEO of LYNX. LYNX will continue its remarkable growth in partnership with MidOcean Partners’ considerable operating and financial resources. LYNX is led by its senior management team, including Russ Reynolds (CEO), Michael Borreca (CFO) and Tom O’Hare (COO), under whose leadership the Company has grown into a proven multi-brand franchise platform. JAN-PRO has been a leader in its space for nearly 30 years and has been named the #1 ranked commercial cleaning franchise opportunity for 12 consecutive years by Entrepreneur Magazine. ![]() LYNX has 225 franchised and company-owned locations across its three brands: JAN-PRO, a leading commercial cleaning and disinfecting franchise FRSTeam, a leader in the restoration of fabrics, textiles, and electronics and Intelligent Office, a professionally staffed, temporary, and virtual office space franchise for mobile executives and small businesses. Financial terms of the transaction were not disclosed. MidOcean Partners intends to accelerate the Company’s growth plan through various organic and inorganic initiatives. The Company enjoys broad geographic reach across the United States, Canada, and various international markets. LYNX is an industry leading multi-brand franchise platform focused on commercial and industrial services with core offerings in cleaning and disinfecting, disaster remediation, and virtual office services. NEW YORK, Janu– MidOcean Partners, a premier middle market private equity firm focused on the consumer and business services sectors, announced today that it has acquired LYNX Franchising (“LYNX” or the “Company”). ![]()
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