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
Neighborly® Acquires Precision Door Service
Neighborly s fifth and final acquisition of 2020 grows franchisor to 28 brands across 19 service verticals, more than 4,500 franchises and 1,000 associates across nine countries
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WACO, Texas, Jan. 7, 2021 /PRNewswire/ Neighborly
®, the world s largest franchisor of home service brands, today announced the acquisition of Precision Door Service, the nation s leading garage door repair franchise headquartered in Titusville, Florida. The acquisition was finalized on December 31, making it Neighborly s fifth service brand acquired in 2020. I am thrilled to be adding Precision Door Service s premier customer experiences, top-of-the-line service offerings and experienced franchise owners to our global network, said Mike Bidwell, President and CEO of Neighborly. Our Neighborly family includes 10 million customers who rely on our brands as the home for exceptional service, and we re proud to now add