Business
Leaf Home Announces Acquisition of Erie Home, Uniting Two Leading Residential Services Providers
Leaf Home ("Leaf") announced today that it has acquired Erie Home ("Erie"), combining two of the foremost leaders in the direct-to-consumer ("DTC") home solutions sector. The combination of these two organizations expands Leaf's position as the largest DTC residential services and products provider across North America and adds significantly expanded capabilities and offerings for homeowners. Both Leaf and Erie are part of the Gridiron Capital ("Gridiron") portfolio of companies, and the firm ha
About this update from Ares Management Corporation
[{"type":"text","content":"Leaf is Positioned as the Largest Direct-to-Consumer Residential Services and Home Improvement Company in North America","length":119,"tagName":"p","attribs":{}},{"type":"text","content":"Acquisition Expands Service Offerings, Creating a Comprehensive Home Solutions Platform ","length":87,"tagName":"p","attribs":{}},{"type":"text","content":"HUDSON, Ohio, Sept. 8, 2025 /PRNewswire/ -- Leaf Home ("Leaf") announced today that it has acquired Erie Home ("Erie"), combining two of the foremost leaders in the direct-to-consumer ("DTC") home solutions sector. The combination of these two organizations expands Leaf's position as the largest DTC residential services and products provider across North America and adds significantly expanded capabilities and offerings for homeowners. Both Leaf and Erie are part of the Gridiron Capital ("Gridiron") portfolio of companies, and the firm has actively supported the significant, profitable organic growth of both Leaf and Erie since partnering with the founders of each company in 2016 and 2021, respectively. Gridiron will retain majority ownership of the combined company.","length":821,"tagName":"p"},{"type":"text","content":"Ares Management funds ("Ares") led a preferred equity investment in Leaf as part of the transaction, which Gridiron supported with additional investment. Ares will serve as an active, value-added investment partner to Gridiron, Leaf's Board and leadership team going forward. Apollo funds led the debt financing for the acquisition and recapitalization of Leaf, along with participation from Ares.","length":411,"tagName":"p"},{"type":"text","content":"Industry-Leading Combination Delivers Enhanced Customer Experience Through Operational Excellence and National Scale","length":116,"tagName":"p"},{"type":"text","content":"The transaction establishes Leaf as a leading residential services company that will tackle common homeowner challenges and simplify the customer experience by ensuring consistent, high-quality service nationwide. Following the transaction, Leaf will service customers through over 300 field offices with more than 3,100 trained sales consultants and 2,400 licensed installers, supported by sophisticated data-driven marketing capabilities, real-time financing options and an integrated and comprehensive ...