Neighborly®Today, the world’s largest home services company, Junk King®the The nation’s leading junk removal and hauling companyJunk King has over 150 locally owned franchises (as Junk Works®) in 32 states and Canada. With this acquisition, Neighborly enters an entirely new service space and strengthens its position as a hub for Home Services™.
“At Neighborly, We want to be the mainstream home service that homeowners need on a regular basis. ” Neighborly President and CEO Mike Bidwell said:. “With a strong recall business model and brand potential for growth, Junk King saw another great opportunity to expand into new service areas. Junk King is one of the few large franchise companies currently operating in the $10 billion junk removal market. ”
Co-founder Michael Andreacchi started the company in 2005 from a garage in San Carlos, California and began franchising in 2010. Today, the customer-focused brand prides itself on unparalleled service and a goal to retain his 60% of all materials it collects. Eliminate landfills by reusing materials and recycling wherever possible. Junk King’s super-heavy truck (his 20% larger than its competitors) reduces its carbon footprint while saving customers money.
“I never dreamed that Junk King could grow into the market it is today,” says Andreacchi. “This is due to the hard work and perseverance of our management and employees, and to our franchise owners for believing in our vision and propelling the brand through their entrepreneurial spirit. Now Junk King With the opportunity to join the world’s largest home services company, there is no limit to how big this brand can grow, and we believe this is the right step forward.”
Junk King Chief Operating Officer Lisa Merry has been appointed brand president. Merry has extensive franchise experience, having held multiple leadership roles at Huntington Her Center for Learning, Coverall Health-Based Cleaning, and School of Rock. Andreacchi will remain connected as a Junk King investor and her brand ambassador.
Naverly recognizes that every Associate plays a role in the company’s overall value creation. Junk King employees are eligible to participate in the Neighborly Associates Equity Program.
Boxwood Partners acted as Junk King’s exclusive sell-side advisor on this transaction.
For more information on Neighborly’s service brand, please visit: www.neighborlybrands.com.
About Neighborly
With over 30 brands and over 5,000 franchises, Neighborly is the world’s largest home services company, serving over 12 million customers in six countries, helping them repair, maintain and enhance their homes and businesses. Emphasis on The company operates an online HIS platform that connects consumers to local HIS community service providers who meet the exacting standards of a franchisor across 18 service categories. Neighborly.com Or through the Neighborly app. For more information on Neighborly® and its franchise concept, please visit www.neighborly.com. Neighborlybrands.comTo learn about franchise opportunities with Neighborly®, visit click here.
About Junk King®
Founded in 2005, Junk King was started by two friends in a two-car garage in San Carlos, California. In 2010, the company started franchising. Today, Junk King is the second largest junk removal company in North America, with over 150 units and 70 franchisees. Junk King plans to add an additional 125 franchises and 400 units in key North American markets over the next five years. Junk King saves consumers time and money by eliminating unnecessary clutter quickly and efficiently. Junk King is best known for its professionalism, advanced technology programs and commitment to recycling, repurposing and reusing materials. The brand is currently the highest rated service business in North America with a Net Promoter Score of over 90.
