Home service franchisor, Neighborly, has acquired professional dryer vent cleaning services franchisor, Dryer Vent Wizard, expanding its portfolio to now comprise 24 brands.
The acquisition of the Farmington Hills, Michigan-headquartered Dryer Vent Wizard includes almost 100 franchise locations across the U.S. and Canada, bringing Neighborly’s network to more than 3,900 franchisees.
Mike Bidwell, president and CEO of Neighborly, said: “We kicked off 2020 with a vision to ‘Own the Home’ through Neighborly’s community of home service experts, and welcoming Dryer Vent Wizard to our family of franchise brands marks an exciting milestone in this pursuit.
“In the 15 years since its inception, Dryer Vent Wizard’s cleaning, installation, inspection and repair service offerings have earned high customer satisfaction ratings. We see tremendous opportunities to grow the brand to the next level, making this a great partnership for all parties.”
As a result of this acquisition, Dryer Vent Wizard will now benefit from new tools for growth and enhanced exposure to Neighborly’s nine million customers who rely on its brands for everything from painting to plumbing.
Jason Kapica, president of Dryer Vent Wizard, said: “Every day, we look for opportunities to enhance value for our franchisees, our employees and our investors. We believe that being a part of Neighborly will not only allow us to give back to our investors but will also bring added benefits to our Dryer Vent Wizard associates and franchisees, advancing us into the next growth stage of our business.”
The Dryer Vent Wizard franchise system was founded in 2004 by David Lavalle, who is also the founder of Neighborly’s own Mr. Handyman franchise network.
“As I’ve seen firsthand with Mr. Handyman, Neighborly has a proven track record of helping brands expand their presence to achieve growth goals through franchise development,” said Lavalle. “I’m excited that another brand I started is teaming up with this respected and successful franchisor, and I am eager to see Neighborly’s support help existing Dryer Vent Wizard franchisees realize their same store sales potential moving forward.”
IMAGE: Dryer Vent Wizard