Gridiron Capital Companions with Legacy Service Companions

Funding Positions Firm for Accelerated Development and Enlargement 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, right this moment introduced a development 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 sturdy operators and main native market aggressive positions beneath a nationwide platform. Via its partnership mannequin, Legacy gives steering and help by way of a strategic division of features to combine native operational experience with centralized platform scale and class.

Legacy gives top-notch customer support to clients throughout 16 states and 28 manufacturers all through the U.S. The Firm’s diversified enterprise combine, premier acquisition engine, and finest 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 Residence and Erie Residence.

Legacy CEO and Co-Founder Rob Millock commented, “We could not be extra excited to associate 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 can profit all our companions and finish shoppers.”

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

Kevin Jackson, Managing Companion of Gridiron, stated, “We’re proud to associate with Rob, Jake, Frank, and the whole Legacy group. The Firm has a powerful employee-centered tradition, a shared imaginative and prescient of partnership, and a relentless deal with offering a superior buyer expertise. We’re excited to help a finest in-class operator and leverage our profitable monitor document of investing in residential companies companies, an space of Gridiron’s Thematic Areas of Experience, to drive accelerated development in a extremely fragmented market.”

Bradley Skaf, Principal at Gridiron Capital, added, “With a number one place throughout enticing geographies, distinctive native manufacturers, a confirmed M&A monitor document, and robust management, Legacy is a differentiated platform with a number of avenues for continued development. We sit up for working alongside the Legacy group to proceed to develop their present associate corporations and add extra manufacturers beneath the nationwide platform.”

Gridiron’s authorized counsel was Benesch, Friedlander, Coplan & Aronoff LLP and lending companions have been Churchill Asset Administration (lead left arranger), JPMorgan Chase Financial institution, N.A., Audax Non-public 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 corporations into industry-leaders in branded client, B2B and B2C companies, and area of interest industrial segments in the US and Canada. They assist rework rising corporations 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 working companies. As a group 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 understand fast 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 help 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 corporations 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]