Harris Research, Inc. (HRI) is a leading franchiser of in-home consumer services in the United States and internationally. HRI’s Chem-Dry brand is the world’s largest provider of carpet and upholstery cleaning services with approximately 4,000 franchises worldwide. HRI also franchises its unique N-Hance wood cabinet and flooring renewal service features through more than 200 franchises.
Caltius Structured Capital provided subordinated notes, preferred equity and common equity to support a private equity sponsor’s acquisition of Harris Research, Inc. from The Home Depot.
“Caltius Structured Capital provided a committed financing solution that enabled a timely close in a competitive process. This is our first transaction with Caltius and we look forward to a successful partnership.”
Tom Costello, Principal, Baird Capital Partners