APHIX receives investment from Caltius Equity Partners

APHIX has partnered with Caltius Equity Partners (CEP) a private equity firm focused on lower middle- market companies. The transaction marks the first time APHIX has partnered with an institutional investor.

Founded in 2004, APHIX has evolved from a small, single-location operation focused on residential customers into a provider of commercial landscaping services in Louisville Ky.; Lexington Ky.; and Chattanooga Tenn. The company provides maintenance, enhancements and winter services.

“With the strong alignment between our cultures, we are thrilled to have CEP as our financial partner,” said Allen Sweeney, president and founder of APHIX. “Their deep knowledge of the facility services industry and experience helping entrepreneurs grow their businesses is an ideal combination as we move to the next phase of growth at APHIX.”

“APHIX is a terrific fit for our investment thesis of targeting investments in recurring revenue services businesses to build a leading company in the fragmented landscaping services industry,” said Justin Benshoof, managing director of CEP. “We will be actively evaluating add- on acquisitions of companies with strong maintenance revenues and $0 to $12 million of EBITDA.”