Pouschine Cook Acquires Griswold Home Care

Pouschine Cook Acquires Griswold Home Care

Pouschine Cook Capital Management has acquired Griswold Home Care, a nationwide non-medical home care franchisor.

“We have a 30-year history advocating for clients, caregivers, and referral sources in our home care community.  Along this journey, like-minded individuals and groups have contributed to the growth and success of the organization.  It was our intent to select investors that shared our values and vision for Griswold,” said Graham Weihmiller, President and CEO of Griswold Home Care, “Together we are excited to accelerate the initiatives important to the ultimate goal of enabling clients to receive outstanding, compassionate home care at an affordable rate.”

Griswold Home Care provides non-medical home care services. The company was founded by Jean Griswold over 30 years ago in the Philadelphia suburbs and today Griswold Home Care serves clients across 31 states. The company is based in Erdenheim, PA (www.griswoldhomecare.com).

“Griswold is a well-managed business with substantial growth prospects,” says John Pouschine, co-founder of Pouschine Cook. “Graham Weihmiller, Tom Monaghan and the rest of the team have done an excellent job building the business, and we look forward to taking advantage of the growth opportunities with them.”

Pouschine Cook Capital Management invests from $5 million to $25 million in companies with $20 million to $250 million in revenue and at least $5 million of EBITDA that have a leading position in their niche or industry and significant growth opportunities.  The firm is based in New York (www.pouschinecook.com).

“Graham and Tom have done a fantastic job expanding Griswold Home Care to a national footprint, and we are excited to support their future visions for the company. The combination of our franchise and home care investment experiences should allow us to guide the company’s long term strategy,” said Geoff Teillon, Principal at Pouschine Cook.

© 2012 PEPD • Private Equity’s Leading News Magazine • 12-20-12

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