RICHMOND, Virginia – (COMMERCIAL THREAD) – Harris Williams, a global investment bank specializing in M&A advisory services, announces that it is advising Neighborly, a fund holding company managed by Harvest Partners, LP (Harvest Partners), on of its ongoing sale to KKR. Neighborly is the premier residential service provider focused on providing all the services consumers need to repair, maintain and improve their property. The transaction is led by John Neuner, Brent Spiller, Trey Shehan and Christian Brumbaugh of the Harris Williams Consumer Group and Taylor Morris and Pete Morgan of the Company’s Business Services Group.
âThis is the fourth time that we have worked with the Neighborly team and it has been exciting to see the continued growth and evolution of the company into one of the world’s largest home service companies,â said John Neuner, Managing Director of Harris Williams. âThe business has flourished under the ownership of Harvest Partners, and we are delighted to have found a new partner for Neighbourly in KKR who shares management’s vision and passion for ‘Own the Home’ by providing all of the services including an owner needs. ”
âInvestors remain focused on the home services industry due to its powerful fundamental demand drivers in all economic environments, the growing attention of today’s consumers on maintaining and improving their homes. , and the ability for larger-scale platforms to differentiate themselves in a fragmented market, âsaid Brent Spiller, Managing Director of Harris Williams. âWe expect these fundamentals to continue to drive a very active and dynamic M&A market in the home services industry going forward. ”
Neighborly is a leading home service franchisor of 28 brands and more than 4,800 franchises serving over 10 million customers in nine countries, focused on home repair, maintenance and improvement and companies. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards in 18 service categories on Neighbourly.com in the United States and Neighbourly.ca in Canada.
Founded in 1981, Harvest Partners is a New York-based private equity firm focused on investing in mid-market companies in the business and industrial services, consumer, healthcare, industry and software. This strategy builds on Harvest Partners’ 40 years of experience in financing organic growth and acquisition-oriented companies.
KKR is a leading global investment firm providing alternative asset management, capital markets and insurance solutions. KKR aims to generate attractive returns on investment by following a patient and disciplined approach to investing, employing world-class people and supporting the growth of its portfolio companies and communities.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of businesses around the world through critical stages and provides expert advice throughout the lifespan of their clients. companies. By collaborating as a single company across industry groups and geographies, the company helps its clients achieve results that support their goals and strategically create value. Harris Williams is committed to excellence in execution and to building lasting and valued relationships based on mutual trust. Harris Williams is a subsidiary of PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has transactions in various verticals, including branded consumer products; consumer services; food, beverages and agro-industries; and foodservice and retail. For more information on the Harris Williams Consumer Group and recent transactions, visit the Consumer Group section of the Harris Williams website.
The Harris Williams Business Services Group has experience advising companies that provide a range of commercial, industrial and professional services. For more information on the company’s business services group and other recent transactions, visit the business services group section of the Harris Williams website.
Harris Williams LLC is a registered broker and member of FINRA and SIPC. Harris Williams & Co. Ltd is a limited liability company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, United Kingdom, registered with the Registrar of Companies for England and Wales (number d ‘registration 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court in Frankfurt am Main, Germany under number HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main -le-Main, Germany (e-mail address: [email protected]). GeschÃ¤ftsfÃ¼hrer / Directors: Jeffery H. Perkins, Paul Poggi. (VAT number DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd. and Harris Williams & Co. Corporate Finance Advisors GmbH carry on business.