July 30, 2021

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Mortgage News

KKR makes investment in home-services franchisor Neighborly

Private equity investor KKR has announced plans to buy Neighborly, a provider and franchisor of home service brands, from Harvest Partners.

Neighborly was founded in 1981 and has 28 brands under its umbrella and a network of over 4,800 franchises in the US and internationally. The company offers a wide range of professional home services such as plumbing, restoration, electrical installation, home inspection and more through its platform.

“Today’s milestone is a strong endorsement of our business-building strategy and our differentiated ability to provide basic home services,” said Mike Bidwell, President and CEO of Neighborly. “We look forward to opening our next growth chapter with the support and global expertise of KKR and look forward to being a preferred partner for customers and franchise owners in the years to come.”