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Report: Trilantic-backed Home Franchise Concepts seeks new owner

Home Franchise Concepts Inc., a portfolio company of private equity group Trilantic Capital Management LP, or Trilantic North America, tasked investment bank Harris Williams & Co. to run its auction as it searches for a new owner, The Wall Street Journal reported, citing people familiar to the matter.

The home services provider serves residential and commercial customers in more than 10,000 cities in the U.S., Canada and Mexico. Its portfolio also includes home-storage brand Tailored Living, concrete landscape business Concrete Craft and environmental-services provider AdvantaClean, the May 31 report added.

Trilantic bought a majority stake in the Irvine, Calif.-based company in 2016.