Who purchased BHI, the parent company of Chem-Dry, Inc., on April 4, 2019?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
In February 2023, CDI changed its name from Harris Research, Inc. to Chem-Dry, Inc. and BFG Holdco changed its name from HRI Holdings, Inc. to BFG Holdco, Inc. BHI is wholly owned by ASP BF Intermediate Sub, LLC, a Delaware limited liability company formed on December 21, 2018. Its principal business address is 299 Park Avenue, 34th Floor, New York NY 10171. ASP BF Intermediate Sub, LLC purchased BHI on April 4, 2019.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 9–14)
What This Means (2024 FDD)
According to Chem-Dry's 2024 Franchise Disclosure Document, BHI, the parent company of Chem-Dry, Inc., was purchased by ASP BF Intermediate Sub, LLC on April 4, 2019. ASP BF Intermediate Sub, LLC is a Delaware limited liability company formed on December 21, 2018, with its principal business address at 299 Park Avenue, 34th Floor, New York NY 10171.
In February 2023, Harris Research, Inc. changed its name to Chem-Dry, Inc., and HRI Holdings, Inc. changed its name to BFG Holdco, Inc. BHI is wholly owned by ASP BF Intermediate Sub, LLC.
This information is relevant for prospective Chem-Dry franchisees as it clarifies the ownership structure and the entities involved in the Chem-Dry franchise system. Understanding who owns the parent company can provide insight into the strategic direction and financial stability of the franchise.