Funding Positions Firm for Accelerated Progress and Growth in Extremely Fragmented Residential Companies Market

NEW CANAAN, Conn., Jan. 18, 2023 /PRNewswire/ — Gridiron Capital, LLC (“Gridiron Capital”), an funding agency centered on partnering with founders, entrepreneurs, and administration groups, as we speak introduced a progress funding in Legacy Service Companions, LLC (“Legacy” or the “Firm”), a number one supplier of residential heating, air flow, and air-conditioning (HVAC), plumbing, and electrical companies. Monetary phrases of the partnership weren’t disclosed.

Legacy presents alternative, restore, and upkeep companies, with a big and rising put in base throughout the US. Based in 2021 by Jake Sloane, Frank Zhang, and Rob Millock, Legacy has united distinctive manufacturers with robust operators and main native market aggressive positions underneath a nationwide platform. By means of its partnership mannequin, Legacy offers steering and assist by way of a strategic division of capabilities to combine native operational experience with centralized platform scale and class.

Legacy offers top-notch customer support to prospects throughout 16 states and 28 manufacturers all through the U.S. The Firm’s diversified enterprise combine, premier acquisition engine, and greatest apply playbooks differentiate Legacy as a uniquely positioned platform. This partnership builds on Gridiron’s profitable expertise working intently with and supporting nice residential companies and merchandise companies, together with Leaf Dwelling and Erie Dwelling.

Legacy CEO and Co-Founder Rob Millock commented, “We could not be extra excited to companion with Gridiron as we quickly scale our operations. The Legacy platform is effectively positioned to proceed to differentiate itself as a frontrunner within the residential companies area and we sit up for working with the Gridiron Facilities of Excellence to construct a playbook that may profit all our companions and finish shoppers.”

Legacy Co-Founder Jake Sloane added, “We’re excited to leverage Gridiron’s expertise throughout the residential companies area to increase our capabilities and drive this subsequent part of progress. Our shared strategic objectives and imaginative and prescient for Legacy are aligned and this partnership with Gridiron will permit us to proceed to boost our service choices to fulfill the wants of our prospects and communities.”

Kevin Jackson, Managing Associate of Gridiron, mentioned, “We’re proud to companion with Rob, Jake, Frank, and all the Legacy workforce. The Firm has a powerful employee-centered tradition, a shared imaginative and prescient of partnership, and a relentless give attention to offering a superior buyer expertise. We’re excited to assist a greatest in-class operator and leverage our profitable monitor file of investing in residential companies companies, an space of Gridiron’s Thematic Areas of Experience, to drive accelerated progress in a extremely fragmented market.”

Bradley Skaf, Principal at Gridiron Capital, added, “With a number one place throughout engaging geographies, distinctive native manufacturers, a confirmed M&A monitor file, and powerful management, Legacy is a differentiated platform with a number of avenues for continued progress. We sit up for working alongside the Legacy workforce to proceed to develop their present companion firms and add extra manufacturers underneath the nationwide platform.”

Gridiron’s authorized counsel was Benesch, Friedlander, Coplan & Aronoff LLP and lending companions had been Churchill Asset Administration (lead left arranger), JPMorgan Chase Financial institution, N.A., Audax Personal Debt, accounts managed by Hamilton Lane and Jefferies Credit score Companions. Solomon Companions served as monetary advisor and Latham & Watkins LLP served as authorized counsel to Legacy Service Companions.

About Gridiron Capital 
Gridiron Capital is an funding agency centered on partnering with founders, entrepreneurs, and administration groups and creating worth by constructing middle-market firms into industry-leaders in branded shopper, B2B and B2C companies, and area of interest industrial segments in the US and Canada. They assist rework rising firms by profitable collectively by way of exhausting work, partnerships grounded in shared values, and a novel tradition that comes from hands-on expertise constructing and operating companies. As a workforce led by former operators and entrepreneurs, we all know what it takes to run profitable companies on a day-to-day foundation.

About Legacy Service Companions 
Legacy Service Companions was based in 2021 to supply entrepreneurs and enterprise homeowners within the house service sector the power to appreciate rapid monetary worth for the businesses they’ve constructed, whereas partnering to proceed to develop their enterprise lengthy into the long run. Our capital is affected person and versatile, and we offer our native companions with devoted, bespoke assist that helps them navigate the altering aggressive dynamics of the house companies {industry}. We’re guided by our 4 core values – ethics, transparency, alignment, and repair – and aspire to construct the best high quality community of house service firms in the US. Be taught extra at legacyservicepartners.com. 

Contacts

Gridiron Capital 
Jonathan Keehner / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

Legacy Service Companions
Rob Millock | Legacy Service Companions
[email protected]

SOURCE Gridiron Capital, LLC