Levine Leichtman Capital Partners and Management Acquire Five Star Franchising

LOS ANGELES, Nov. 10, 2026 /PRNewswire/ -- Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, announced today that it has partnered with management to acquire Five Star Franchising ("Five Star" or the "Company") from Princeton Equity Group. Financial terms of the transaction were not disclosed.

Five Star is a leading platform of franchisor brands in the home services segment, with over 870 locations across the US and Canada. The Company provides a broad range of services across its eight brands – Five Star Bath Solutions, Gotcha Covered, Bio-One, 1-800 Packouts, Mosquito Shield, Card My Yard, Five Star Flooring, and Decorate With Lights. Five Star also includes ProNexis, a provider of digital marketing and services to support lead generation. Five Star was founded in 2004 and is headquartered in Springville, UT.

The Company will continue to be run by the existing executive team led by its co-founders, Scott Abbott, CEO, and Chad Jones, COO. According to Matthew Frankel, Managing Partner of LLCP, "We are thrilled to partner with Scott, Chad, and the existing management team, who have driven Five Star's strong growth trajectory. We look forward to leveraging our extensive experience in the franchising space and working with management to continue to expand unit count, drive strong same-store sales growth, and acquire additional brands."

Greg Flaster, Senior Managing Director at LLCP, added, "Five Star has been one of the fastest-growing platforms for home services brands, with market-leading franchise development and marketing support. We believe Five Star is uniquely positioned to capitalize on a number of secular market trends to provide superior value to its franchisees and customers. We are excited to work with Scott, Chad, and the entire team to build on their success and pursue various growth initiatives alongside them."

Mr. Abbott commented, "We are excited to partner with LLCP and leverage the team's deep expertise in supporting and successfully growing franchised brands like ours. We share a vision to continue to use our market-leading digital services platform, ProNexis, and buying group as key levers for outsized growth as we deliver better outcomes for our franchisees and customers. Together, we will look to accelerate growth in our platform both organically and through acquisitions."

Five Star is the sixth platform investment of Levine Leichtman Capital Partners VII, L.P. Across its funds, LLCP has extensive experience investing in the franchising industry, including current and prior investments in concepts such as SYNERGY HomeCare, Lawn Doctor, Tropical Smoothie Cafe, Shipley Do-Nuts, Kilwins, Nothing Bundt Cakes, Senior Helpers, and Hand & Stone. Five Star represents LLCP's 19th franchising investment, with a combined 38 brands, across a variety of industries including home services.

Kirkland & Ellis LLP and Greenberg Traurig LLP served as legal counsel to LLCP on the transaction.

Five Star was advised by Robert W. Baird & Co.

About Levine Leichtman Capital Partners

Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 42-year track record of investing across various targeted sectors, including Business Services, Franchising & Multi-unit, Education & Training and Engineered Products. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.

LLCP's global team of dedicated investment professionals is led by 9 partners who have worked at LLCP for an average of 21 years. Since inception, LLCP and its affiliates have managed approximately $20.6 billion of capital across nearly 20 investment funds and have invested in approximately 120 portfolio companies. LLCP and its affiliates currently manage $15.0 billion of assets and have offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt.

Isabel Moon, [email protected]

SOURCE Levine Leichtman Capital Partners, LLC