Global investment firm KKR will soon acquire Neighborly – the largest franchisor of home services, with 28 brands – from Harvest Partners. Neighborly franchisees bring a sweeping array of specialists to repair, maintain and improve their 10 million customers’ residential and commercial properties. Services include restoration after a crisis such as a flood or fire, electrical services, plumbing, painting, pest control, cleaning, HVAC system work, glass repairs, and home inspections.
Neighborly’s recession-resistant brands have posted healthy growth over the past decade. Throughout the franchise industry, Neighborly brands are known for their affordability, professional standards and fun, supportive culture. The Waco, Texas-based holding company has more than 4,800 franchises located in the United States and eight other countries.