Affiliates of Stellus Capital Management acted as administrative agent and provided senior debt financing and an equity co-investment in support of Eagle Merchant Partners’ acquisition of Impact Home Services, an owner and operator of franchises within Neighborly, a home services company.
Formed in 2021 by Shirin Kanji, Impact Home Services operates franchises for brands such as Mr. Rooter Plumbing, Mr. Electric and Precision Door Service in Georgia, servicing both residential and commercial customers.
“We are pleased to partner with Stellus on this exciting opportunity and appreciate their support and flexibility during the financing process,” Brady Summer, vice president at Eagle Merchant Partners, said. “We look forward to continuing our strong relationship with Stellus going forward.”
“We appreciate the opportunity to partner with Eagle Merchant and the entire Impact team,” Bill Haverland, principal at Stellus Capital Management, said. “We believe the company’s leading market position in Georgia, strong management team and favorable demand drivers position the company for continued long-term success. Eagle Merchant’s breadth of investing experience in the franchisee sector will serve as a strong foundation for the company’s continued growth, which Stellus looks forward to supporting.”
