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New Deal


Announced

Neighborly to acquire Precision Door Service from BT Consultants.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Single Bidder

repair services

Maintenance Repair and Overhaul (MRO)

Domestic

Friendly

United States

Majority

Pending

Synopsis

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Neighborly, a home services franchisor of 28 brands, agreed to acquire Precision Door Service, garage door repair franchise, from BT Consultants. Financial terms were not disclosed. “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. 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 to our portfolio through this acquisition the needed and important service of garage door repair and installation. We look forward to working with the Precision Door Service team to collectively execute our strategy to ‘Own the Home’ through Neighborly home service offerings," Mike Bidwell, Neighborly President and CEO.

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