Neighborly Experiences Unprecedented Network Growth in 2020, Plans for Continued Expansion in 2021

Neighborly Experiences Unprecedented Network Growth in 2020, Plans for Continued Expansion in 2021
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WACO, Texas, Feb. 9, 2021 /PRNewswire/ -- Neighborly
®, the world's largest franchisor of home service brands, ended 2020 strong with 382 new franchise agreements awarded, setting new records for signed agreements in three quarters and achieving the company's first franchise development trifecta since 2018 with number of units, revenue and EBITDA goals all surpassed in fourth quarter.
Between these impressive franchise development milestones and the organization's 2020 acquisitions of five home service brands, Neighborly's still-growing presence now consists of 4,500 franchises representing 28 total brands across nine countries.
"This past year, we successfully executed our 'Own the Home' strategy despite the challenges brought on by the pandemic," said Mike Bidwell, President and CEO of Neighborly. "2020 was unexpected, but Neighborly's family of home service brands persevered and adjusted protocols in order to continue safely providing exceptional service to our nearly 10 million customers around the world."

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