The home and property parent company has grown its network to 28 brands.
Neighborly, the world’s largest franchisor of home service brands, has acquired garage door repair franchise Precision Door Service; Neighborly’s fifth new brand acquired in 2020, with the final details being confirmed on December 31, 2020.
This acquisition also marks the 28th total brand to join Neighborly’s vast network of home service suppliers, including the likes of Drain Doctor Plumbing, Molly Maid, and Mr. Electric.
“I am thrilled to be adding Precision Door Service’s premier customer experiences, top-of-the-line service offerings and experienced franchise owners to our global network,” said Mike Bidwell, president and CEO of Neighborly.
“Our Neighborly family includes 10 million customers who rely on our brands as the home for exceptional service, and we’re proud to now add to our portfolio through this acquisition the needed and important service of garage door repair and installation. We look forward to working with the Precision Door Service team to collectively execute our strategy to ‘Own the Home’ through Neighborly home service offerings.”
Headquartered in Titusville, Florida, Precision Door Service was founded in the late 1980s by Brian Tindall. Today, the brand has more than 100 locations across the U.S., and generates around $300m in system sales.
“All of us at Precision Door Service are so excited to be joining Neighborly, such a well-established and ethical franchisor with a renowned reputation for growing franchises,” said Mike Brickner, president of Precision Door Service.
“Over time, I’ve had the privilege of getting to know the Neighborly organization and many of its leaders and have seen firsthand how much this company values innovation and its code of values, which aligns well with our own corporate culture. The resources this change will bring to Precision Door Service are many, and we look forward to what it will mean for us over the coming months and years.”
Last year, Neighborly took home the award for Best Property & Home Maintenance Franchise at the Global Franchise Awards 2020. If you think your brand has what it takes to win big this year, then head over to globalfranchisemagazine.com/awards for more information.