Monday, December 23, 2024
HomeMergers & AcquisitionsBroad Sky Partners Completes Acquisition of Leading Authority Brands Operator in Franchise...

Broad Sky Partners Completes Acquisition of Leading Authority Brands Operator in Franchise Mergers and Acquisitions

Broad Sky Partners Acquires Punctual Pros’ Home Service Franchises Under Authority Brands

Punctual Pros, a home service franchise under Authority Brands, recently made headlines with its sale of territories in central Pennsylvania to Broad Sky Partners. The deal, which marks the first tri-brand operator under Authority Brands, gives Broad Sky Partners majority ownership of Punctual Pros, a company that offers services through One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing, and Mister Sparky.

Matt Buckwalter, CEO of Punctual Pros, expressed his excitement about the sale, stating that his goal of bringing the company to market has finally been realized. With the support of Broad Sky Partners, Buckwalter aims to expand Punctual Pros’ presence in the Mid-Atlantic states by identifying potential acquisitions in Maryland and New Jersey.

The acquisition comes on the heels of Authority Brands’ purchase of The Junkluggers, further solidifying its position as a leader in the home services industry. Buckwalter, who will continue to serve as CEO of Punctual Pros, is confident that with Broad Sky’s financial backing, the company can become a dominant player in plumbing, heating, air conditioning, and electric services.

Jonathan Marlow, partner at Broad Sky Partners, praised the leadership of Matt Buckwalter and his team, highlighting their operational success and values-driven culture. With Broad Sky’s support, Buckwalter believes Punctual Pros could quadruple its unit count in the next few years, positioning the company for significant growth in the home service sector.

Overall, the sale of Punctual Pros’ territories to Broad Sky Partners represents a strategic move that sets the stage for the company’s expansion and success in the competitive home services market.

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