Propel Equity launches with strategic investment in Flow Services Holdings
Propel Equity, a new player in the private equity field, has announced its entrance into the market alongside the closure of its platform investment in Flow Services Holdings. Specializing in driving transformational growth within lower middle-market companies, Propel Equity is set to become a significant force in nurturing businesses towards market leadership, leveraging both organic growth avenues and strategic acquisitions.
The brains behind Propel Equity, Ryan Bruehlmann and Franklin Foster, are no strangers to the world of private equity. With their rich backgrounds as Managing Directors at Audax Private Equity, they bring a wealth of experience from over 15 years of service, contributing to more than 200 transactions. This extensive history laid the groundwork for their next venture; after founding Essex Bay Capital and Point A Capital respectively, Bruehlmann and Foster have merged their expertise and vision to create Propel Equity.
Reflecting on this new venture, Franklin Foster stated, “Ryan and I are thrilled to collaborate once again, aiming to bolster lower middle-market companies towards achieving substantial growth and market dominance. Our shared vision and complementary strengths will serve as the cornerstone of our strategy.”
Propel Equity’s inaugural investment, Flow Services Holdings, underscores the firm’s commitment to fostering growth in niche markets. This newly established residential services platform specializes in sewer and drain repair services, collaborating with management teams to provide strategic guidance, capital, and resources aimed at accelerating growth while maintaining brand integrity. Flow Services Holdings marks its first foray into the market with the acquisition of a leading business in residential sewer and water line repairs, a testament to Propel Equity’s investment acumen.
Ryan Bruehlmann expressed optimism about the venture, highlighting the untapped potential within the sector due to aging infrastructure and the benefits of advanced trenchless repair technologies. “Flow Services Holdings stands poised for significant expansion, offering innovative solutions that ensure minimal disruption and cost-effectiveness for our customers,” said Bruehlmann.
Propel Equity’s strategic entry into the market, paired with its investment in Flow Services Holdings, signals a promising future for lower middle-market companies. With a focus on transformational growth and market leadership, Propel Equity is well-positioned to make a lasting impact on the industry landscape.