What home service industry companies did Precision Door Service acquire during 2022?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
the parent company of Neighborly, from TDG Investment Holdings, LP. Nest Bidco Inc. is an indirectly wholly owned subsidiary of Nest Holdings LP, which is the ultimate parent company of the newly formed business. The transaction was effected to add Neighborly to KKR's investment portfolio, and allows Neighborly to gain access to KKR's capital and resources.
Acquisitions
During 2023, the company made no acquisitions.
During 2022, the Company acquired Lawn Pride in August, Greensleeves in October and Junk King in November, and repurchased three of its previously franchised Mr. Rooter territories in March, each of which operates in the home services industry. The purchase price of the acquisitions of $290,364, comprised of $258,870 of cash, consideration payable of $96, and $31,3
Source: Item 21 — Financial Statements (FDD page 91)
What This Means (2025 FDD)
According to the 2025 FDD, Precision Door Service's parent company, acquired several home service industry companies during 2022. Specifically, Lawn Pride was acquired in August, Greensleeves in October, and Junk King in November. Additionally, the parent company repurchased three previously franchised Mr. Rooter territories in March.
The total purchase price for these acquisitions amounted to $290,364. This was comprised of $258,870 in cash, $96 in consideration payable, and $31,398 in rollover equity. These figures reflect how the purchase price was allocated to the acquired assets and assumed liabilities based on independent valuation studies and management estimates.
Precision Door Service's parent company acquired 100% ownership of these entities or acquired certain assets to gain control and access to the intellectual property of each. This indicates a strategy of expanding the company's portfolio and leveraging the existing brand recognition and operational expertise of the acquired businesses. For a potential Precision Door Service franchisee, this could mean access to a broader network of services and potentially synergistic opportunities with other brands under the same parent company.