Harris Williams & Co. Advises Premium Franchise Brands, LLC on its Sale to Incline Equity Partners

October 3, 2016

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces the sale of Premium Franchise Brands, LLC (PFB) to Incline Equity Partners. PFB is a leading franchisor of commercial and residential cleaning services under the Jan-Pro and Maid Right brands. Harris Williams & Co. served as the exclusive advisor to PFB, a portfolio company of Webster Capital. The transaction was led by John Neuner and Brent Spiller of Harris Williams & Co.’s Consumer Group, Taylor Morris of the firm’s Business Services Group and Trey Balson of the firm’s Richmond office.

“PFB is a tremendous company with an outstanding management team and a world class reputation across the franchising community. The team has done an outstanding job of building a platform capable of supporting multiple franchise concepts and positioning the business for substantial future growth,” said John Neuner, a managing director at Harris Williams & Co.

"Through its Jan-Pro and Maid Right brands, PFB is one of the fastest growing and most successful platforms in the franchising industry. PFB extends our deep track record in the franchising space and we look forward to many more successful transactions in this vibrant industry," added Brent Spiller, a managing director at Harris Williams & Co.

PFB, headquartered in Alpharetta, Georgia, is an award-winning, global franchise platform providing commercial and residential services. PFB currently operates two successful and growing franchising concepts – Jan-Pro, a leading commercial cleaning franchise and one of the fastest growing franchise concepts in the U.S., with a 25 year track record of success; and Maid Right, a rapidly growing franchise launched in 2013 to focus on the residential cleaning market. The company has more than 150 Master Franchisees, 8,000 Unit Franchisees and over 50,000 end customers across the world.

Founded in 2003, Webster Capital is a private equity firm with over $600 million of assets under management which invests in the branded consumer and healthcare services industries. Webster Capital typically focuses on companies with transaction values in the range of $30 to $100 million. Webster Capital provides equity financing, expertise and a broad contact network for management buyouts and growth capital.

Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm focused on making investments in lower-middle market growth companies, focusing on companies with enterprise values of $30 million to $150 million across a variety of industry sectors including value-added distribution, specialized light manufacturing and business services. Typical investment types are management buyouts, ownership transitions for privately held businesses and corporate divestitures.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence.  Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail.  For more information on Harris Williams & Co.’s Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams & Co. website.

Harris Williams & Co.’s Business Services Group has experience across a variety of sectors, including facility services; environmental services; business process outsourcing; legal and insurance services; marketing and information services; professional services; payment processing and financial services; and education and training. For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority.  Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.