Announced
Synopsis
KKR agreed to acquire Neighborly, the provider and franchisor of home service brands, from Harvest Partners, a private equity firm. Financial terms were not disclosed. “In a large and highly fragmented industry, Neighborly stands out for its differentiated strategy of bringing together adjacent services under a diversified and tech-enabled platform, and – most importantly – for its unrivaled dedication to customer service. We are thrilled to be investing in the Neighborly team as they continue to execute on their mission: enriching people’s lives by delivering amazing experiences,” Felix Gernburd, KKR Managing Director.
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