Premium Service Brands, a Charlottesville, Virginia-based franchisor of multi-brand home services with a specialty in home improvement brands, received an investment from Susquehanna Private Capital.
The terms of the transaction were not disclosed.
The company intends to use the funds to continue to strengthen its presence in its core lines of business while expanding into the home services industry.
Launched in 2006 by Paul Flick, who will remain in his role as Chief Executive Officer alongside the existing PSB management team, Premium Service Brands partners with franchisees to provide comprehensive training, technology, and cross-branded support for every step of their home service business. Today, PSB’s portfolio includes companies across seven in-demand service areas, including 360° Painting, ProLift Garage Doors, Handyman Pro, Maid Right, Kitchen Wise, Renew Crew and Rubbish Works.
The company currently supports over 200 franchise partners across the U.S. and Canada.