The latest acquisition adds new service areas and strengthens the company’s intention to become a hub for consumer home services.
waco, texas, November 2, 2022 /PR Newswire/ — Neighborly®, the world’s largest home services company, today announced the acquisition of Junk King®, the nation’s top junk collection and transportation company. Junk King has 32 states and Canada (as Junk Works®). 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 become a mainstream home service that homeowners need on a regular basis. Mike Bidwell, President and CEO of Naverly. “Junk King is a brand with a strong recurring business model and growth potential, and he saw it as another great opportunity to expand into new service areas. $10 billion Today’s junk removal market. ”
co-founder Michael Andreacchi started the company from his garage San Carlos, California We started franchising in 2005 and franchising in 2010. Today, the customer-focused brand prides itself on its unparalleled service and its goal of keeping 60% of all collected materials out of landfills by reusing and recycling materials wherever possible. increase. 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,” said Andreakchi. “This is due to the hard work and perseverance of our management and employees, and is reinforced by our franchise owners, who believe in our vision and drive the brand through their entrepreneurial spirit. Now that Junk King has the opportunity to join, we believe this is the right step forward for the world’s largest home service company, the brand knows no limits to its size.”
Lisa MerryJunk King’s Chief Operating Officer, brand presidentMerry has extensive franchise experience having held multiple leadership roles at the Huntington Learning Center, Coverall Health-Based Cleaning and the 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 brands, please visit www.neighborlybrands.com.
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 from 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. San Carlos, CaliforniaIn 2010, the company started franchising. Today, Junk King is his second largest junk removal company in America. North America It has over 150 units and 70 franchisees. Junk King plans to add 125 of his franchises and 400 of his units in major markets over the next five years. North AmericaJunk 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 now the world’s most admired service business. North America Your Net Promoter Score is above 90.
For more information on Junk King, please visit www.junkking.com. http://www.junk-king.com/For franchise opportunities, visit http://www.junk-king.com/franchising/.