Log In / Register | Feb 9, 2012

Comfort Keepers: SOLD!

Allied Capital Buys Comfort Keepers for $44.3 Million

DAYTON, Ohio (Blue MauMau) - Allied Capital Corp. has agreed to provide the private equity firm of Webster Capital with up to $44.3 million to acquire CK Franchising, Inc., d/b/a Comfort Keepers. Allied Capital's investment will take the form of senior and subordinated debt, a revolving credit facility and a minority equity investment.

"Both companies have long histories of identifying strong comanies with significant growth potential and providing guidance and resources for growth," said Jim Both, president and CEO of CK Franchising. "This is an ideal marriage for CKFI and our franchise Owners."

Comfort Keepers which was formed in 1998 and began franchising in 1999 provides non-medical in-home care to individuals and couples who need limited assistance with day to day life tasks. With more than 550 locations in 46 states and 34 locations in 7 other countries, franchisees provide services like:

  • In-Home Companionship
  • Meal Preparation
  • Light Housekeeping
  • Errand Service
  • Grocery Shopping
  • Transportation Services
  • Daily "TLC" Phone Calls
  • Laundry & Linen Washing
  • Clothing Shopping
  • Recreational Activities
  • Grooming & Dressing Guidance
  • Organize Incoming Mail
  • Emergency Response Systems
  • Periodic Review with Family