Nicholas Romano, Partner at Harvest Partners, said, "We are pleased to have worked with Mike and his team to continue building the premier residential service provider providing services that consumers need to repair, maintain and enhance their homes. 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.” ![]() We are excited to embark on our next chapter of growth with KKR’s support and global expertise and look forward to continuing to be a partner of choice for both customers and franchise owners in the years to come.”įelix Gernburd, Managing Director at KKR, said, “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. Mike Bidwell, President and CEO of Neighborly ®, said, “Today’s milestone is a strong validation of our business-building strategy and differentiated ability to deliver essential home services. Over the past decade, the Company has quickly grown its platform through the organic growth of its existing service brands and strategic acquisitions of complementary franchise service brands. Through a portfolio of 28 brands, the Company offers a wide array of services including plumbing, pest control, restoration, electrical, cleaning, HVAC, home inspection and many more.Īs one of the largest franchisors of ‘do-it-for-me’ professional services, Neighborly ® has built a network of more than 4,800 franchises both in the U.S. Financial details of the transaction were not disclosed.įounded in 1981, Neighborly ® is a leading home services platform that connects more than 10 million residential and commercial customers with a community of professional services focused on repairing, maintaining and enhancing consumers’ homes and properties. Colorado Harvest Company and Evergreen Apothecary dispensaries are modern, upscale, and welcoming locations to purchase medical and recreational marijuana.NEW YORK-( BUSINESS WIRE)-KKR, a leading global investment firm, announced today that it has agreed to acquire Neighborly ® (the “Company”), the world’s largest provider and franchisor of home service brands, from Harvest Partners. After Colorado Amendment 64 went into effect on January 1, 2014, Tim and Ralph successfully completed City of Denver licensing procedures and opened their businesses as recreational cannabis dispensaries as well. ![]() ![]() Colorado Harvest Company and Evergreen Apothecary both initially opened as medical marijuana dispensaries in 2010. Each dispensaries features at least 30 strains of fresh, grown-in-house marijuana at all times, as well as products from Tim and Ralphs other business: vaporizer pens from O.penVAPE and pure concentrates and marijuana-infused products from OrganaLabs and Bakked as well as marijuana edibles sourced from Denver-based companies. Colorado Harvest Company and Evergreen Apothecary is a group of Denver-based, locally-owned medical and recreational marijuana dispensaries, each launched in 2010 by Tim Cullen and Ralph Morgan.
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