Authority Brands – creating the foundations for good corporate governance
Governance is a key area of focus for Apax and for the funds’ portfolio companies and we encourage management teams to adopt rigorous codes of conduct and policies if not already in place.
When growing a business through M&A or creating a new business through a carve-out, it is critical that governance structures have clear processes to prioritise efforts and address conflicts that ultimately will arise. These are complex processes because of the wide range of stakeholders whose roles and priorities are subject to change.
Apax IX invested in Authority Brands, a leading North American franchisor of home services, in 2018. Since then, the company has grown from two to ten home franchisors, expanding into new geographies and services. Together, the company’s brands provide home services operated by more than 1,000 franchise owners in the US and abroad.
Marty Guinoo, an Apax Operating Partner, spoke to Rob Weddle, Authority Brands’ CEO about the Company’s approach to governance and integration processes.
Company
Investment year
2018
Deal status
Current