In recent weeks, Utah-based companies Five Star Franchising and Executech have acquired companies based outside of Utah. ZAACT Consulting was bought by a company outside of Utah. However, financial terms were not disclosed for any of these transactions.
Below are brief highlights of these three separate transactions.
Five Star Franchising acquires two companies: 1-800-Packouts AND Mosquito Shield and unwraps a third franchise at launch
Five Star Franchising, a Springville, The Utah-based company recently acquired two more companies to add to its growing collection of innovative home service platforms and launched a new franchise. This announcements marks the company’s eighth acquisition since inception in June 2021.
1-800 packagesa Ball Ground, Georgia-based company is a leading franchisor of residential restoration, packaging, cleaning, and climate-controlled storage services, and 1-800-Textiles was launched as an additional service for customers requiring cleaning, restoration, and storage solutions for textiles damaged by water, smoke or fire.
Kevin Loner, CEO, founded the company in 2015 and will join Five Star Franchising in its ongoing campaign to develop the leading home service franchise system.
In the company press release, Scott Abbott, CEO of Five Star, called:
“We are very excited to be working with Kevin Loner and his team as they join the Five Star family of brands. Kevin has built an outstanding company with a strong track record of significant growth, operational excellence and customer service. Packouts will have an immediate positive impact as a dynamic addition to the Five Star platform, and the launch of Textiles is a game changer. The synergies between the two brands are immense and will allow us to better serve customers and franchisees.”
mosquito repellentBased in North Attleboro, Massachusetts, and one of Entrepreneur’s Top Franchise 500 Brands, is a leading franchisor of home mosquito and tick control services.
founder David Briggs Five Star will serve as advisors during its eighth acquisition, and Michael Moorhouse and Brad Maher, two longtime team members, will join Five Star as brand presidents.
“Five Star’s skills, management team and vision made them a natural partner for Mosquito Shield,” he said David Briggs.
“We look forward to leveraging Five Star’s extensive development and operational capabilities to continue to aggressively expand our franchise system while providing world-class support to our franchisees,” he added Michael Moorhouse.
Behind Five Star is Princeton Equity Group, a leading private equity firm focused solely on acquiring franchisors and multi-unit companies.
No financial terms were disclosed for either transaction.
Written by J’Nel Wright
Executech continues acquisitions with Arizona-based Flagstaff Information Technology & Communications
running techbased in South Jordan, Utah, announced the acquisition flag staff Information Technology & Communications, LLC. The acquisition complements Executech’s information technology and cybersecurity services and expands its footprint in northern Arizona.
Executech began as a computer consulting firm with its founder as sole employee in 1999. Since its inception, the company has grown to over 100 employees Evergreen Services Group invested in Executech in 2018. The investment should help Executech evolve from a regional organization to a more national presence. Later in 2018, Evergreen Services Group replaced the CEO of Executech with DJ Dorff. Dorff brought two years of mergers and acquisitions experience from his work at Adobe in Lehi, Utah.
Following Evergreen Services Group’s investment in 2018, Executech has made a series of acquisitions that extend its roots well beyond Utah. Before acquiring Flag Staff IT & Communications, Executech acquired Nucleus in 2021. This IT service provider is based in Vancouver, British Columbia. For Executech, this was the third acquisition in the past twelve months. The Nucleus management team has been left in place to run the company independently.
The recent March 2022 announcement to acquire Flag Staff IT & Communications follows a series of other acquisitions. These acquisitions involved the Richland, Washington based company raise in November 2021 and based in Redlands, California computer options in February 2022. Of course, Executech and its 2018 investor Evergreen Services Group have leveraged their CEO’s M&A experience to grow Executech’s national footprint. They currently have locations in 20 different cities in five states.
Written by Robert Snyder
Sandy-based ZAACT advice is being acquired by a California-based company elderly
Sandy, Utah-based ZAACT advicea company focused on providing solutions and expertise for Microsoft applications signed a definitive acquisition agreement with the Silicon Valley-based company Altigen Communications Inc. (OTCQB:ATGN), a provider of cloud-based customer experience solutions.
according to a press release, in addition to acquiring a significant amount of assets from the Intermountain Technology Groupdo business as ZAACT adviceafter the conclusion of this agreement, elderly communication is also absorbed ZAACT’s management team and employees. The closing is expected to take place later this month. Financial terms were not disclosed.
ZAACT has achieved Microsoft Gold Partner status in several areas including
- independent software vendor,
- collaboration and content,
- Cloud Productivity and
- Data center and application development.
Jeremy FlemingChairman and CEO of elderly stated,
“This strategic acquisition is an integral part of Altigen’s Strategy to deliver the industry’s most comprehensive suite of integrated solutions and services for Microsoft Teams. The skills offered by ZAACT are an absolute requirement for any medium-sized or large client engagement.”
Written by Macy Reamer