Ridgemont Equity Partners and Coogee Bay Partners Acquire Caring Transitions
Partnership with Digital Marketplace Executives and Company Leadership
Capturing a Generational Transfer of Goods and a Fast-Growing Base of Online Buyers
Ridgemont Equity Partners ("Ridgemont"), a middle market private equity investor, today announced the acquisition of Caring Transitions (or the "Company"), a leading provider of senior move management services and online estate and liquidation services through CTBids, its captive digital marketplace. Ridgemont is partnering with experienced digital marketplace operators and investors Joshua Ellstein and Michael Felman of Coogee Bay Partners, who will serve as Co-Executive Chairmen and work alongside Caring Transitions President Joe Lewandowski and the existing leadership team to support the Company’s continued growth.
Founded in 2006, Caring Transitions operates a nationwide franchise network dedicated to helping older adults and their families navigate major life transitions through relocation, downsizing, and home cleanout services. The CTBids digital auction platform is fully integrated with the Company’s concierge offering and enables the franchisees to provide estate sale services to complete the move management process. Caring Transitions supports families during some of life's most significant moments while empowering local franchise owners to make a meaningful impact on their communities.
