Funds Advised by Apax Partners Acquire Authority Brands

Parent company to The Cleaning Authority, Authority Brands, was purchased by funds advised by Apax Partners. The acquisition by the Apax Funds will help The Cleaning Authority, along with other franchises owned by Authority Brands, with continued investments in marketing, technology, and personnel to provide business owners with the best systems and support. "We are very excited about the experience and depth the Apax team brings to this new partnership,” said Rob Weddle, CEO of Authority Brands and The Cleaning Authority. “Authority Brands has a vision to become the leading franchisor of home services by providing unparalleled business ownership opportunity to its franchisees and delivering first-class service to consumers. We are confident Apax shares in this vision and expect a bright future for Authority Brands."

Read the Press Release.