RECENT RELEASES
Neighborly-
Business
Neighborly® is the world’s largest home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 15 service categories at Neighborly.com in the United States and Neighborly.ca in Canada.
Neighborly is an active member in the International Franchise Association (IFA), Canadian Franchise Association (CFA), British Franchise Association (BFA) and German Franchise Association and is a founding company of the Veterans Transition Franchise Initiative (VetFran). Neighborly was named as part of the 2019 Inc. 5000 most successful privately-owned companies in America.
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Harvest Partners Investment
In May 2018, Harvest Partners acquired Neighborly, formerly known as Dwyer Group Franchising, LLC, in partnership with management. To fund the acquisition, Harvest provided equity capital and arranged the debt financing. In addition, Harvest arranged equity co-investment capital.
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Investment Thesis
- Leading player in the large, growing and fragmented home services market
- Diversified platform with limited cyclicality
- Attractive growth profile with high margins and strong cash flows
- Proven M&A track record
- Experienced management team with history of success
