Ridgemont and Coogee Bay acquire Caring Transitions
The senior-services franchisor pairs relocation, downsizing and cleanout work with its CTBids digital estate-sale marketplace.
Takeaways
- Caring Transitions is a Nationwide franchisor providing senior relocation, downsizing, estate-sale and home-cleanout services.
- Ridgemont Equity Partners is acquiring Caring Transitions with backing from Ridgemont Equity Partners and Coogee Bay Partners.
Ridgemont Equity Partners and Coogee Bay Partners acquired Caring Transitions, a franchisor providing senior relocation, downsizing, estate-sale and home-cleanout services.
Founded in 2006, the company operates a nationwide network of more than 300 franchise owners and runs CTBids, a digital estate-sale marketplace integrated with its local service offering.
Coogee Bay's Joshua Ellstein and Michael Felman will serve as co-executive chairmen and work with Caring Transitions President Joe Lewandowski and the existing management team.
Financial terms were not disclosed.
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