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New Deal


Announced

KKR to acquire Neighborly from Harvest Partners.

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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Pending

Domestic

Friendly

Private

Majority

Household Equipment and Products

Single Bidder

home services

United States

Acquisition

Private Equity

Synopsis

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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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