Livingstone is pleased to announce it has advised CT Franchising Systems, Inc. (“Caring Transitions” or the “Company”), a leading provider of senior move management services and online estate and liquidation services through CT Bids, its captive digital marketplace, on its sale to Ridgemont Equity Partners and Coogee Bay Partners. Livingstone served as the exclusive financial advisor to the Company.
The Cincinnati-based 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 CT Bids 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 in their communities.
“This partnership marks an exciting new chapter for Caring Transitions. Ridgemont and Coogee Bay share our commitment to supporting franchisees, serving families with compassion, and preserving the values that have defined our brand for nearly two decades. Their investment and strategic expertise will help us continue enhancing the resources and support we provide across our network, while remaining focused on the people and communities we serve every day,” said Joe Lewandowski, President of Caring Transitions.
The transaction was led by Livingstone’s U.S. Healthcare Team, which has extensive experience advising franchisors and other multi-site businesses across the senior services sector. Jim Moskal, Partner and Co-Head of Livingstone’s U.S. Healthcare Team, added “Caring Transitions has built a differentiated platform at the intersection of senior services, franchising, and digital marketplace solutions. Its proven franchise model, attractive franchisee economics, integrated CT Bids digital marketplace, and multiple growth levers position the Company for sustainable long-term growth. These characteristics resonated strongly with prospective investors throughout the process, and we are pleased to help the Company identify partners that share its long-term vision for continued growth.”
“Having partnered with Livingstone previously, I had complete confidence in their ability to guide us through another successful transaction. Their deep understanding of the business, sector, and buyer universe, as well as their strategic approach to positioning the business and hands-on involvement throughout every stage of the process were instrumental in helping us engage an exceptional group of prospective buyers. The team was fully engaged and relentlessly focused on maximizing value across every aspect of the transaction, ultimately delivering an outstanding outcome,” added Gary Green, Founder of Caring Transitions.
“The senior services sector continues to attract strong investor interest as investors seek scalable, high-quality franchise platforms with differentiated business models. Transactions like Caring Transitions reinforce Livingstone’s leadership advising companies at the intersection of healthcare, senior services, and franchising, where our sector expertise, strategic insight, and deep buyer relationships continue to deliver exceptional outcomes for clients,” added Mark Carl, Managing Director at Livingstone.
Livingstone’s U.S. Healthcare Team remains one of the most active middle-market healthcare advisors, having completed 23 transactions since 2023. Collectively representing more than $2.4 billion of aggregate enterprise value, these transactions span Livingstone’s core healthcare sectors, including senior services (home care, home health, and hospice), physical therapy, behavioral health, physician practice management, medical aesthetics, and dental services.
