Office Pride Commercial Cleaning Services Announces Partnership with Trivest Partners and Three20 Capital Group
PALM HARBOUR, Florida, March 15, 2022–(BUSINESS WIRE)–Office Pride Commercial Cleaning Services (“Office Pride” or “Company”) has partnered with Trivest Partners & Three20 Capital Group (“Trivest”). Office Pride is one of the fastest growing commercial cleaning franchise systems in the United States and is pleased to announce an expanded development plan to reach 300 units and $300 million in system sales. Office Pride’s franchise network spans 25 states with over 145 franchise units today. The network’s planned growth will consist of new units and acquisitions over the next five years.
Todd Hopkins, Founder and CEO of Office Pride, is leading the expansion plan into new markets. Hopkins said, “We are thrilled to have the investment and partnership with Trivest. I look forward to the relationship and additional franchise scaling expertise to benefit our Office Pride system.
“Office Pride has an exceptional culture and successful franchisees that form the foundation of the company,” said Jorge Gross, Partner at Trivest.
“With commercial cleaning experiencing significant growth, we are delighted to partner with one of the leaders in the industry. The satisfaction of Office Pride’s franchisees and customers, and their systems and processes are all exceptional,” said Gross. “Todd Hopkins and his team have created incredible momentum and we look forward to building on that success.”
Three20 Capital Group is led by long-time franchisees and multi-unit franchisors, Todd Recknagel and Kristi Mailloux. Recknagel & Mailloux are currently operating partners in the country’s largest Massage Envy multi-unit franchise, and are also associated with Trivest. Recknagel says, “We have been very impressed with the quality of Office Pride franchisees and believe the entire Office Pride system will benefit from this growth.
Mailloux added, “We are confident that franchisees will be blessed by helping to share best practices with each other.”
“Partnering with proven business builders of integrity like Trivest, Recknagel and Mailloux will help Office Pride achieve its mission of honoring God by positively impacting people and workplaces. It will also accelerate and strengthen our national footprint,” Hopkins said.
Office Pride will focus on adding nearly 150 additional franchise units, with these franchisees potentially creating opportunities for more than 2,000 additional jobs in the United States.
About Office Pride
Office Pride Commercial Cleaning Services, founded in 1992 and based in Palm Harbor, Florida, is an award-winning national faith-based franchisor and one of the industry’s most respected full-service commercial cleaning companies. Office Pride’s business is built on a strong set of core values that ensure business is conducted with integrity and every customer receives the highest standard of cleaning and service. Office Pride is one of the fastest growing commercial cleaning franchise systems in the nation, with more than 145 franchises in 25 states. To learn more about Office Pride, visit OfficePride.com. For franchise opportunities, visit OfficePrideFranchise.com.
About Trivest Partners
Trivest Partners, with offices in Miami, Charlotte, Chicago, Los Angeles, New York and Toronto, is a private investment firm focused exclusively on supporting and growing founder-led and family-owned businesses in the United States. United and Canada under control and transactions without control. Since its founding in 1981, Trivest has made more than 400 investments, totaling a value of approximately $7 billion. Trivest is one of 15 companies recognized by Inc. Magazine as one of the top founder-friendly private equity firms for three consecutive years.
About Three20 Capital Group
Three20 Capital Group is a private equity firm that makes acquisitions and investments in middle market private companies. They have extensive experience in franchising, distribution, energy efficiency and multi-unit businesses. They have partnered with brands such as Mr. Handyman, Massage Envy, Take 5 Oil Change, Molly Maid, Quatrro Business Services and AM Conservation Group, to name a few.
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