What is the relationship between Nest Holdings and Nest Holdco regarding Precision Door Service?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 1: The Franchisor and any Parents, Predecessors, and Affiliates]
On August 31, 2021, Nest Bidco, a Delaware corporation, purchased from TDG Investment Holdings, LP all of the issued and outstanding shares of common stock of Balcones Holdco under the terms of a Stock Purchase Agreement dated June 30, 2021 by and among Nest Bidco, Balcones Holdco, and TDG Investment Holdings, LP ("KKR Acquisition"). Upon the closing of the KKR Acquisition, Nest Bidco became our indirect parent company. Nest Bidco is controlled by investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P., which is a leading global investment firm ("KKR").
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 9–20)
What This Means (2025 FDD)
According to the 2025 Precision Door Service FDD, Nest Bidco purchased all outstanding shares of Balcones Holdco from TDG Investment Holdings, LP on August 31, 2021. This purchase occurred under the terms of a Stock Purchase Agreement dated June 30, 2021. As a result of this transaction, Nest Bidco became the indirect parent company of Precision Door Service. Nest Bidco is controlled by investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P. (KKR).