Boxwood Partners Advises on the Sale of BrightStar Group Holdings, Inc. to Peak Rock Capital Affiliate
Leading M&A Advisory Firm Completes Its First Home Care Services Transaction in the Franchise Industry
JUPITER, FL, Feb. 28, 2025 – Boxwood Partners (“Boxwood”) is pleased to announce the sale of BrightStar Group Holdings, Inc. (“BrightStar”, “BrightStar Care” or “the Company”) to an affiliate of Peak Rock Capital (“Peak Rock”), a leading middle-market private equity firm, in partnership with the Company’s founder, Shelly Sun Berkowitz. BrightStar Care is a leading franchisor of home care services, with over 400 agencies nationwide.
Boxwood Partners, a leading boutique middle-market investment bank known for its deep experience with entrepreneur and family-owned businesses, acted as a financial advisor on the transaction. The transaction was led by Brian Alas (Managing Director), Dan Martinson (Director) and Donovan Murphy (Analyst). The terms of the deal were not disclosed.
"We were thrilled to have the opportunity to work with Shelly and the BrightStar team on this significant milestone in the Company’s growth," said Alas. "BrightStar is a best-in-class franchisor both in its industry and across the franchise landscape. The Company's innovative model, deep National Account program and strong franchise network have positioned them as a leader in the home care industry. Its partnership with Peak Rock Capital will undoubtedly accelerate their growth and expand their impact in delivering high-quality care services across the nation."
Boxwood Partners has a strong track record in franchising, with BrightStar marking its first deal within the home care sector. With its nurse-led, high-quality care model and expansive national footprint, the Company presented a compelling investment opportunity in a rapidly growing industry. Boxwood’s expertise in working with founder-led businesses and franchise systems positioned the firm to secure a strategic partner in Peak Rock.
"Boxwood Partners differentiated themselves by listening to what we were seeking in a partner and then facilitating the process culminating in an optimal outcome," said Shelly Sun Berkowitz, Founder and Executive Chairwoman of BrightStar Care. "Their deep understanding of franchising and our business model helped us find the ideal partner in Peak Rock. We're excited about the future of BrightStar Care and the enhanced ability to serve our clients and support our franchisees that this partnership will bring."
Boxwood and JP Morgan acted as the financial advisors, and Latham & Watkins acted as legal counsel to BrightStar Care.
For more information on Boxwood Partners and its recent transactions, visit boxwoodpartners.com.
About Boxwood Partners
Boxwood Partners, LLC is a boutique investment bank based in Jupiter, Florida with offices in Richmond, Virginia. Boxwood Partners combines a unique blend of senior-level transaction advisory, business operating experience, and proven process execution skills to give its clients a distinct advantage in the market. The firm’s extensive relationships within the global capital and buyer communities (including U.S. and international private equity groups, corporations, and lenders) and other important transaction-related service providers such as consultants, attorneys, and accountants, ensure that the firm’s clients receive the attention, service, and results they deserve. For more information about Boxwood Partners, please visit www.boxwoodpartners.com.
About BrightStar Group Holdings, Inc.
Founded in 2002, BrightStar Care is a leading franchisor of home care services with more than 400 franchised locations nationwide that provide skilled and unskilled home care to clients and custom medical staffing solutions to corporate entities. BrightStar Care franchise agencies across the country employ more than 15,000 caregivers and 5,700 registered nurses who oversee the care and safety of each individual client. BrightStar Care franchisees are committed to providing a higher standard of care through their clinical nurse-led care model. Network-wide BrightStar Care agencies are Joint Commission accredited, which is the nation’s oldest and largest standards-setting and accrediting body in healthcare. BrightStar Care has also consecutively received The Joint Commission Enterprise Champion for Quality award for more than a decade. For further information about BrightStar Care, please visit www.brightstarcare.com.
