NEW CANAAN, Conn., Jan. 18, 2023 /PRNewswire/ — Gridiron Capital, LLC (“Gridiron Capital”), a private investment firm focused on growth-oriented partnerships, has announced a strategic investment in Legacy Service Partners, LLC (“Legacy” or the “Company”). Legacy Service Partners is a leading provider in the highly fragmented residential services market, specializing in heating, ventilation, and air-conditioning (HVAC), plumbing, and electrical services. The financial details of this investment have not been disclosed.
Legacy Service Partners operates across the United States, offering essential replacement, repair, and maintenance services to a substantial and expanding customer base. Founded in 2021 by Jake Sloane, Frank Zhang, and Rob Millock, Legacy has rapidly grown by bringing together high-performing brands with strong local market presence under a unified national platform. Their partnership model is designed to combine localized operational expertise with the advantages of centralized resources and sophisticated strategies. This approach allows Legacy to deliver exceptional customer service across 16 states, encompassing 28 distinct brands nationwide.
The company’s diverse service offerings, effective acquisition strategy, and utilization of best practice methodologies set Legacy apart as a uniquely positioned platform in the residential services sector. Gridiron Capital’s investment is further strengthened by their previous successful engagements with residential service and product businesses, including notable companies like Leaf Home and Erie Home.
Rob Millock, CEO and Co-Founder of Legacy Service Partners, stated, “Partnering with Gridiron as we accelerate our growth is incredibly exciting. Legacy is ideally positioned to further establish itself as a leader within the residential services industry. We are eager to collaborate with Gridiron’s Centers of Excellence to develop strategies that will benefit both our partners and our valued customers.”
Echoing this sentiment, Legacy Co-Founder Jake Sloane added, “Gridiron’s experience in the residential services space is invaluable as we look to expand our capabilities and enter our next growth phase. Our strategic objectives and vision for Legacy are perfectly aligned with Gridiron, and this partnership will enable us to enhance our service offerings to better serve our customers and communities.”
Kevin Jackson, Managing Partner at Gridiron Capital, commented, “We are delighted to partner with Rob, Jake, Frank, and the entire Legacy team. The company’s strong employee-focused culture, partnership-driven vision, and unwavering commitment to superior customer experience are truly commendable. We are enthusiastic about supporting a best-in-class operator and leveraging our successful history of investing in residential services businesses – a key area of Gridiron’s expertise – to drive significant growth in this fragmented market.”
Bradley Skaf, Principal at Gridiron Capital, further noted, “Legacy’s leading market position across key regions, combined with its portfolio of exceptional local brands, proven M&A success, and strong leadership, makes it a highly differentiated platform with substantial growth potential. We look forward to working closely with the Legacy team to support the continued growth of their existing partner companies and to integrate additional premier brands into their national platform.”
Gridiron Capital’s legal counsel for this investment was provided by Benesch, Friedlander, Coplan & Aronoff LLP. Lending partners included Churchill Asset Management, JPMorgan Chase Bank, N.A., Audax Private Debt, accounts managed by Hamilton Lane, and Jefferies Credit Partners. Solomon Partners acted as financial advisor, and Latham & Watkins LLP served as legal counsel to Legacy Service Partners.
About Gridiron Capital
Gridiron Capital is a leading investment firm that partners with founders, entrepreneurs, and management teams to develop middle-market companies into industry leaders. With a focus on branded consumer, B2B and B2C services, and niche industrial segments within the United States and Canada, Gridiron leverages its team of experienced operators and entrepreneurs to drive growth and value creation. Their approach is built on hard work, shared values, and a unique culture of partnership.
About Legacy Service Partners
Founded in 2021, Legacy Service Partners aims to provide home service entrepreneurs and business owners with immediate financial benefits and long-term growth opportunities. Legacy offers patient and flexible capital, along with tailored support to help local partners navigate the evolving dynamics of the home services industry. Guided by core values of ethics, transparency, alignment, and service, Legacy is committed to building a premier network of home service companies across the United States. For more information, visit legacyservicepartners.com.
Contacts
Gridiron Capital
Jonathan Keehner / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Legacy Service Partners
Rob Millock | Legacy Service Partners
[email protected]
SOURCE Gridiron Capital, LLC
