---
title: "Caring Transitions acquired by Ridgemont Equity Partners"
url: https://burnaze.com/article/fb7eb1f7-7f7c-4989-a29a-feeb605c75a9
source: "Franchise Magazine USA"
original_url: https://franchisemagazineusa.com/caring-transitions-acquired-by-ridgemont-equity-partners/
author: "Andrew Carlo"
category: "Senior Care"
industry: "Senior Care"
topics: ["Finance & M&A"]
published: 2026-08-04T12:41:12.000Z
modified: 2026-11-01T00:52:51.112Z
image: https://franchisemagazineusa.com/wp-content/uploads/2026/08/Caring-Transitions-Logo.png
---

# Caring Transitions acquired by Ridgemont Equity Partners

**TL;DR:** Ridgemont Equity Partners has acquired the Caring Transitions franchise, a senior move management services provider. The acquisition includes Caring Transitions' digital marketplace, CTBids, and was made in partnership with Coogee Bay Partners.

*By Andrew Carlo, originally published in Franchise Magazine USA on 2026-08-04. [Read the original](https://franchisemagazineusa.com/caring-transitions-acquired-by-ridgemont-equity-partners/).*

## Story

The Caring Transitions franchise has been purchased by middle-market private equity investor Ridgemont Equity Partners.

Founded in 2006, Caring Transitions provides senior move management services and online estate and liquidation services. The acquisition includes Caring Transitions’ digital marketplace, CTBids.

The franchise is dedicated to assisting older adults and their families through relocation, downsizing, and home cleanout services. The CTBids online auction platform allows franchisees to offer real estate sale services.

Ridgemont partnered with digital marketplace operators and investors Joshua Ellstein and Michael Felman of Coogee Bay Partners for the acquisition. Ellstein and Felman will serve as co-executive chairmen alongside Caring Transitions President Joe Lewandowski and the brand’s existing leadership team.

The financial terms of the acquisition were not disclosed. Caring Transitions has more than 450 franchise locations in 48 states with more than 300 franchise owners.

“Caring Transitions has built a strong brand and unique position in the senior services market, thanks to the leadership of Joe and the Caring Transitions team,” said Charles Anderson, partner at Ridgemont Equity Partners. “This investment is a great fit for Ridgemont and sits at the intersection of several focus areas for us, given our collective experience with businesses serving aging populations, home-based services, digital platforms, and nationally scaled brands with locally delivered services.”

Based in Charlotte, North Carolina, Ridgemont has provided buyout and growth capital to companies in the business and technology services, healthcare, and industrial growth sectors for over three decades.

“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,” Lewandowski said. “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.”

Livingstone Partners served as financial advisor to Caring Transitions. Boxwood Partners served as financial advisor to Ridgemont and Coogee Bay.

“Caring Transitions has built a differentiated business by helping older adults and their families navigate complex life transitions through a trusted, high-touch service model,” said Brian Alas, managing director at Boxwood Partners. “Together, Ridgemont and Coogee Bay have the expertise to capitalize on the significant growth opportunities supported by the sector’s compelling tailwinds.”

Kohnen & Patton served as legal advisor and Katz, Sapper & Miller served as tax advisor to Caring Transitions. Alston & Bird and Greenberg Traurig served as legal advisors to Ridgemont and Coogee Bay. Debt financing for the transaction was provided by Apogem Capital LLC.

## Entities

- Senior Care (sector)
- senior care (topic)
- Franchise Magazine USA (publication)
- private equity (topic)
- Andrew Carlo (person)
- Caring Transitions (company)
- franchise acquisition (topic)
- Joe Lewandowski (person)
- Boxwood Partners (company)
- Greenberg Traurig (company)
- Ridgemont Equity Partners (investor)
- Brian Alas (person)

---
Originally reported by Andrew Carlo, Franchise Magazine USA (https://franchisemagazineusa.com/caring-transitions-acquired-by-ridgemont-equity-partners/). Summarized by Burnaze (https://burnaze.com/article/fb7eb1f7-7f7c-4989-a29a-feeb605c75a9).