WEBSTER CAPITAL SELLS COMFORT
KEEPERS TO SODEXO
WALTHAM, MA – August 18, 2009 – Webster
Capital is pleased to announce that it has sold
CK Franchising, Inc., dba Comfort Keepers®,
a leading franchise network providing in-home
care for seniors and other adults, to Sodexo,
one of the world’s leading Food and Facilities
Management services companies and the global leader
in the Health Care and Seniors markets. Webster
Capital acquired CK Franchising, Inc. in July
of 2007 and sold the Company after 25 months.
As a result of the sale, Webster Capital realized
a highly attractive return on its investment.
“We are very pleased with the performance
of Comfort Keepers® and would like to thank
Jim Booth, Tim Purcey, Mary Bowman, Lisa Ripley,
and the entire CK team for their efforts. Without
their contributions, we would not have reached
such a successful outcome,” said David Malm,
General Partner of Webster Capital and Chairman
of the Board of CK Franchising, Inc., the franchisor
of Comfort Keepers®. “We would also
like to express our gratitude to Allied Capital
for being a great partner and lender.”
Jim Booth, President and CEO of CK Franchising,
Inc. said, “We are thrilled and excited
with the transaction and view the organizations
as extremely aligned. Comfort Keepers®’s
mission is to provide our clients with the highest
quality of life that is achievable, which parallels
very well with Sodexo’s philosophy of improving
the quality of daily life and contributing to
the economic, social, and environmental development
of the cities, regions, and countries in which
it operates.” Booth continued, “in
addition to the cultural congruence, the fundamental
tenets of our business philosophies include organic
growth and nurturing the team that has played
the important role of growing Comfort Keepers®
to the position it holds today.”
“In-home senior care is a strategic and
logical addition to Sodexo’s business lines,”
said Bruno Vanhaelst, Business Development Director
for Sodexo. “Sodexo views this purchase
as testimony to the industry potential, the strength
of the franchise business model, and Comfort Keepers®’s
position as an industry leader.”
About Comfort Keepers®
Comfort Keepers® is a leading franchise network
in the non-medical in-home care market for senior
and other adults needing care. Since its founding
in 1998, the company has grown to approximately
610 global franchise locations. Each office is
independently owned and operated. For more information
on Comfort Keepers® please visit www.comfortkeepers.com
<file:///\\wc-sbs\public\Marketing\Press%20Releases%20-%20Emails\CK%20Holdings\www.comfortkeepers.com>
.
About Webster Capital
Founded in 2002, Webster Capital is a private
equity partnership with over $200 million in capital
under management which invests in branded consumer,
business to business, and healthcare services
companies. Webster Capital focuses on companies
with EBITDA between $3-15 million and transaction
values less than $100 million. For additional
information on Webster Capital please visit www.webstercapital.com
<file:///\\wc-sbs\public\Marketing\Press%20Releases%20-%20Emails\CK%20Holdings\www.webstercapital.com>
.
About Sodexo
Sodexo, founded in 1966 by Pierre Bellon, is
a world leader in Food and Facilities Management
services, with more than 355,000 employees on
30,600 sites in 80 countries. For Fiscal 2007-2008,
which closed August 31, 2008, Sodexo had revenues
of 13.6 billion Euros. Listed on Euronext Paris,
the Group’s current market capitalization
is 5.8 billion Euros. For additional information,
please visit www.sodexo.com <file:///\\wc-sbs\public\Marketing\Press%20Releases%20-%20Emails\CK%20Holdings\www.sodexo.com>
.
|
