Private equity investor KKR has revealed plans to purchase Neighborly, a provider and franchisor of home service brands, from Harvest Partners.
Founded in 1981, Neighborly has 28 brands under its umbrella and a network of over 4,800 franchises in the US and internationally. The company offers a wide array of professional home services such as plumbing, restoration, electrical, home inspection, and more through its platform.
“Today’s milestone is a strong validation of our business-building strategy and differentiated ability to deliver essential home services,” Neighborly president and CEO Mike Bidwell said. “We are excited to embark on our next chapter of growth with KKR’s support and global expertise and look forward to continuing to be a partner of choice for both customers and franchise owners in the years to come.”