We may have reached consumers’ thresholds on menu prices and operators will need to find alternative solutions to offset higher costs to gain back some traffic.

Founding Partner Mike Esposito Sees Big Potential in the Home Services Industry

Two former Goldman Sachs partners are betting they can outsmart any US recession by backing smaller business owners with the rights to sell some big-name brands.

Two former Goldman Sachs partners are betting they can outsmart any US recession by backing smaller business owners with the rights to sell some big-name brands.

Founding Partner Mike Esposito Sees Big Potential in the Home Services Industry. The investment firm Franchise Equity Partners (FEP) has acquired a franchisee owning three Precision Garage Door Service units.

Founding Partner Mike Esposito Sees Big Potential in the Home Services Industry.

Michael Esposito worked for Goldman Sachs for nearly three decades, the last 20 years as a partner for the global investment giant in New York City. But, as he tells it, it was not until he became a franchise operator and investor that he found another passion and began the next chapter of his professional career.

Michael Esposito worked for Goldman Sachs for nearly three decades, the last 20 years as a partner for the global investment giant in New York City. But, as he tells it, it was not until he became a franchise operator and investor that he found another passion and began the next chapter of his professional career. 

Specialist investor Franchise Equity Partners said it is backing Reliable Residential HoldCo, a Neighborly brand home-services franchise operator.

Parks Automotive Group, an automotive retail group with 21 franchises across the Southeast US, welcomed Franchise Equity Partners (FEP) as a minority partner following a capital contribution of approximately $55 million in connection with the group's recent purchase of the Lake Norman and Gastonia Chrysler-Dodge-Jeep-RAM dealerships in North Carolina earlier this year.