Pimlico Plumbers has been acquired by Neighborly Inc. (KKR)
The founding shareholders of Pimlico Plumbers have sold the company to Neighborly Inc.
Founded in 1979 by Charlie Mullins, Pimlico Plumbers is the UK’s largest independent home services company. The business has grown rapidly throughout the UK over recent years and continued to grow during the pandemic and lockdown restrictions. Its core offerings comprise plumbing and heating repair both on a project-by-project and emergency call-out basis. However, in more recent years, the company has diversified its portfolio of services into drain unblocking, bathroom fit-outs, electrical repair, electrical appliances, carpentry, roofing and building.
Neighborly is the world’s largest franchisor of home service brands, operating a similar model to Pimlico Plumbers. The company is owned by KKR, one of the world’s largest private equity firms. This acquisition expands Neighborly to 29 brands across 19 service verticals and nearly 1,500 associates operating in nine countries. It provides them with ownership of a celebrated British brand and access to the UK market. Pimlico’s wide array of trade services and its exceptional customer care perfectly align with Neighborly’s purpose.
Oaklins Cavendish, based in the UK, advised the founding shareholders of Pimlico on the sale of the business.
Scott Mullins
President and CEO, Pimlico Plumbers
Sprechen Sie mit dem Deal-Team
John Farrugia
Oaklins Cavendish
Sam Kavanagh
Oaklins Cavendish
Rebecca McCredie
Oaklins Cavendish
Tom Holland-Hibbert
Oaklins Cavendish
Relevante Transaktionen
INNOTEX has been acquired by Clearspring Capital Partners
INNOTEX, a manufacturer of personal protective equipment for firefighters and first responders, has completed a strategic partnership with Clearspring Capital Partners.
Weitere InformationenGARAIO has been acquired by Netrics Group
Netrics Group has acquired GARAIO AG as a wholly owned subsidiary. GARAIO will continue to operate as an independent company under the umbrella of Netrics Group. With this acquisition, Netrics Group is further expanding its leading position as a provider of managed cloud and digital workplace solutions as well as consulting services.
Weitere InformationenAptic has received a minority investment from Sofiouest
The shareholders of Aptic have completed a primary minority LBO with Sofiouest.
Weitere Informationen