LBC Small Cap supports the growth of premium service brands

RADNOR, Pennsylvania., September 28, 2021 / PRNewswire / – LBC Small Cap, a subsidiary of LBC Credit Partners, has provided senior secured credit facilities to Premium Service Brands (“PSB” or the “Company”), a Charlottesville, Virginia Multi-brand franchisor and holding company of Susquehanna Private Capital (“SPC”). The investment will support PSB’s acquisition of The Grout Medic, a 67-location tile and grout cleaning and restoration franchise.

LBC acted as the sole principal agent and arranger for the senior secured credit facilities.

The Grout Medic will join a list of integrated service franchises that includes Kitchen Wise kitchen remodeling brand, 360 ° Painting paint brand, Maid Right cleaning brand, Renew Crew exterior surface cleaning brand, Handyman Pro home repair, the Rubbish Works garbage removal franchise and the ProLift Garage Doors garage door service brand.

“We are delighted to partner with Paul Flick and the Premium Service Brands team on this investment, ”said Mark Tyson, Managing Director of LBC Small Cap. “PSB is a leader in the home service franchise market and the company is well positioned for future growth.”

LBC Small Cap has partnered with Modern Bank to provide senior secured credit facilities.

Modern Bank provides cash flow-based senior and unitranche debt financing to private equity firms, independent sponsors and entrepreneur-backed companies in lower and middle markets. They have a strong track record of providing tailored solutions to support buyouts / acquisitions, recapitalizations, refinancing and growth capital to companies in a diverse set of industries including manufacturing, distribution, business services , logistics and health services.

Modern Bank, NA is an FDIC insured bank and equal housing lender.

About LBC Small Cap
LBC Small Cap focuses on the origination, execution and management of senior secured, unitranche, junior debt, structured equity and equity co-investments in lower middle market companies based in the United States. United. The LBC Small Cap team seeks to deploy capital to support funded sponsors, independent sponsors and family businesses across a wide range of industries.

About BLC credit partners
LBC Credit Partners provides financing solutions for mid and small cap companies supporting sponsored and unsponsored transactions across the United States in a wide range of industries. With over $ 3 billion of capital commitments, we have provided more than $ 8.2 billion to over 279 issuers in our 17 year history. * For more information, visit * Information at June 30, 2021.

About premium service marks
Based at Charlottesville, Virginia, Premium Service Brands (PSB) is the leader in home service franchise opportunities. Recent acquisition of Renew Crew in January 2020, Garbage work in november 2020 and The Grout Medic in September 2021, other brands under the PSB umbrella include 360º Painting, ProLift Garage Doors, Handyman Pro, Maid Right and Kitchen Wise. These brands in the home improvement industry provide franchisees with comprehensive training and support every step of the way while viewing customer service as a way of life while also giving back to local communities through their non-profit organization, Kids-Lift. Supporting children and their families is essential to PSB’s personal values ​​to brighten up and care for their communities.

To learn more about Premium Service Brands and their opportunities for growth and business ownership, visit

About Susquehanna Private Capital
Susquehanna Private Capital (SPC) funded by the founders of Susquehanna International Group, LLP – one of the world’s largest private financial services firms – was founded in 2016. With a flexible capital structure, SPC empowers founders, entrepreneurs and operators to build sustainable value businesses. SPC targets U.S. companies in the corporate, consumer and franchise, healthcare, and industrial technology sectors with $ 3 million To $ 15 million in EBITDA.

For more information on Susquehanna Private Capital, please visit

BLC credit partners
555 Lancaster Avenue East, Suite 450
Radnor, Pennsylvania 19087
Phone. 215-972-8900
Fax 215-567-0138

Lisa Rubano-Volansky
Phone. 724-979-4293
E-mail: [email protected]

SOURCE BLC Credit Partners

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