Sydnic, a major player in the Precision Garage Door Service franchises, announces strategic acquisitions

Sydnic, LLC, one of the largest Precision Garage Door Service™ franchisees, reveals the acquisition of Precision franchises in Raleigh and Fayetteville, North Carolina, as well as in Virginia Beach and Richmond, Virginia. These purchases mark a significant expansion for Sydnic, extending its presence to 14 markets. The acquisition follows SBJ Capital's initial investment in Sydnic in October 2023.

Chad Aspinwall, president of Sydnic, expresses excitement about the company's footprint broadening in North Carolina and Virginia, highlighting the longstanding relationship and mutual respect between Sydnic teams and the sellers. Tim and Lynn Yeager, as well as Scott and Shauna Kale, the sellers, reinvested a portion of their ownership in Sydnic, with Tim Yeager joining the board of directors.

Sydnic aims to enhance its collaboration with Neighborly by acquiring additional Precision franchises and other Neighborly brands, aiming to create a multi-brand residential services platform. Legal advisors for the transactions include O'Melveny for Sydnic and K&L Gates for the seller groups.