LLCP buys Five Star Franchising in home-services consolidation bet

What's the deal? Levine Leichtman Capital PartnersDealroom has a profile for this one. Try Dealroom → (LLCP), a Los Angeles-based private equity firm, has acquired Five Star FranchisingDealroom has a profile for this one. Try Dealroom → from Princeton Equity Group. Financial terms were not disclosed. Five Star is a platform of eight franchisor brands in home services, with over 870 locations across the US and Canada.

What each side brings: Founded in 2004 and based in Springville, Utah, Five Star runs brands including Five Star Bath Solutions, Gotcha Covered, Bio-OneDealroom has a profile for this one. Try Dealroom →, 1-800 Packouts, Mosquito Shield, and Card My YardDealroom has a profile for this one. Try Dealroom →. It also owns ProNexisDealroom has a profile for this one. Try Dealroom →, a digital marketing and lead-generation service. LLCP, a middle-market firm with a 42-year track record, has made 19 franchising investments spanning 38 brands, including SYNERGY HomeCare and Nothing Bundt Cakes.

What's the endgame? The existing team stays in place, led by co-founders Scott Abbott, chief executive officer, and Chad Jones, chief operating officer. LLCP plans to expand unit count, drive same-store sales, and buy more brands.

Why now? Five Star has grown fast under Princeton Equity, which backed its founders in 2021 and added Five Star Flooring and Decorate With Lights in 2026. The company says revenue has grown nearly 190% since 2022. The deal is a sponsor-to-sponsor handoff, Five Star's sixth platform investment under LLCP's fund VII.

Matthew Frankel, managing partner at LLCP, said the firm wants to "continue to expand unit count, drive strong same-store sales growth, and acquire additional brands."

The signal: With no price disclosed, the significance lies in LLCP's bet on continued consolidation in franchised home services — a sector where multi-brand platforms are racing to build scale through acquisition.

Read more: prnewswire.com

Image credit: Generated with Gemini