- July 9, 2021
- Posted by: Stratford Team
- Category: Business
Neighborly, a home services platform based in Waco, is being acquired by global investment firm KKR.
The business formerly known as the Dwyer Group, located at 1010 University Parks Drive, began in 1981 with only one brand.
“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,” Felix Gernburd, Managing Director at KKR, said. “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.”
The company now holds 28 brands and serves 10 million home and property owners with professional services from plumbing and pest control to home inspections and more.
“Today’s milestone is a strong validation of our business-building strategy and…