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boston, March 20, 2024 /PRNewswire/ — Propel Equity today announced its go-to-market and closing of its platform investment in Flow Services Holdings. Propel Equity is a private equity firm focused on partnering with lower middle market companies to achieve transformational growth both organically and through acquisitions.
Propel Equity is an investment firm that partners with lower middle market companies to achieve transformational growth. Our collaborative approach leverages a toolkit of best demonstration practices (BDPs) designed to support rapid growth and build on the strong foundation already in place. Our goal is to help our partners grow exponentially through infrastructure investments, organic initiatives, and add-on acquisitions.
Founder Ryan Brühlman and franklin foster We bring extensive experience in these areas. Prior to founding Propel Equity, Ryan and Franklin were both Managing Directors of Propel Equity. Audax Private Equity, a leading middle-market private equity platform. They each spent over 15 of his years at Audax, where they were involved in the completion of over 200 transactions as part of the investment team.
After several years at Audax, Franklin founded Essex Bay Capital in 2021 and Ryan founded Point A Capital in 2023. Both vehicles employed similar growth investment strategies in lower middle market companies. Given the close collaboration at Audax, complementary strengths and common approach to supporting transformational growth strategies, the companies have chosen to merge Essex Bay and Point A to form Propel Equity .
franklin fosterFounding Partner Propel Equity said, “Ryan and I are excited to officially partner to help build lower middle market companies. We are committed to achieving transformational growth and market leadership. We are like-minded in our vision as a collaborative and supportive partner to the management team to achieve our goals.” . ”
Propel Equity also launched Flow Service Holdings, a newly formed residential services platform primarily focused on sewer and drain repair services. The platform partners with existing management teams to provide resources, strategic guidance and capital to accelerate growth while retaining leading local brands. The business provides emergency repair services directly to homeowners through relationships with plumbing partners. Flow Services completed his first acquisition in 2016. December 2023is a Mountain West area company that specializes in residential sewer and water repair. The acquired company is a leader in the local market and over the past 10 years he has completed over 25,000 sewer and water pipe repair jobs.
“Through our investment in Flow Service Holdings, we have a tremendous opportunity to develop and expand a leading provider of sewer and drain repair services in multiple regions,” said Ryan Brühlman, founding partner of Propel Equity. “We believe there is. The aging of the infrastructure creates a significant need for this repair work.” Additionally, advances in trenchless repair technology offered by Flow Services offer several benefits, including reduced disruption and lower prices for customers. ”
About Propel Equity
Propel Equity is a people-driven investment firm that partners with owners and management teams to create and execute transformative growth strategies. We provide the experience, resources and patient capital to help lower middle market companies realize their full potential.Learn more about www.propelequity.com.
About Flow Service Holdings
Flow Services Holdings invests in market-leading residential drain cleaning and sewer repair companies. Flow Services will initially be based in the Mountain West region and plans to further expand through acquisitions in the coming years.
press contact
jackie lucasBella Voce Communication
978-255-1159
[email protected]
Source Propel Equity
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