Neighborly® Acquires Dream Doors

Deal with U.K.-based brand grows the company to 22 service brands, $2 billion in annual system-wide sales and nearly 3,700 franchisees

News provided by

Neighborly

Feb 28, 2019, 09:00 ET

WACO, Texas, Feb. 28, 2019 /PRNewswire/ -- Neighborly^®, the world's largest franchisor of home service brands, has announced the acquisition of Dream Doors, a premium kitchen makeover and bedroom wardrobe franchisor based in the United Kingdom. The addition marks the first acquisition of 2019 and brings Neighborly to a total of 22 service brands, nearly 3,700 franchise owners and more than 850 associates across nine countries.

The deal includes 91 locally-owned and operated franchise showrooms of Dream Doors across the United Kingdom specializing in fully-fitted kitchen makeovers, replacement doors and countertops and the installation of new appliances. As a result, Neighborly now reaches a total of eight brands and four campuses based in Europe.

"Dream Doors has delivered on its promise of 'new life for old kitchens and bedrooms' for the past 20 years, making the brand a perfect complement to Neighborly Brands' community of premium home services," said Mike Bidwell, President and CEO of Neighborly. "This brand furthers our expertise for Neighborly in today's home improvement industry and accelerates the franchise's growth of in-demand home services throughout the UK."

Based in Portsmouth in the south of England, Dream Doors was founded on providing kitchen makeovers and recently expanded to offer custom wardrobes in bedrooms. As a result of its proven business model and innovations, Dream Doors has received numerous franchise accolades and awards for excellent service and satisfaction over the years.

Founder and Chairman Troy Tappenden will be stepping down and departing from the company. The Dream Doors network will continue to be overseen by Managing Director Philip Carr who has been instrumental in implementing the brand's long-term expansion strategy since 2017.

"By joining the world's largest franchisor of home services, Dream Doors will gain new vendor relationships, a powerful peer group of other Neighborly service brands and more," said Carr. "Supported by Neighborly's expertise moving forward, I look forward to this new phase of growth for our brand."

For more information about Neighborly's service brands visit www.neighborlybrands.com.

About Neighborly:

Neighborly is a holding company of 22 service brands, focused on repairing, maintaining and enhancing consumers' homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 15 service categories at www.getneighborly.com in the United States and www.getneighbourly.ca in Canada. The company was founded in 1981 as Dwyer Group and is based in Waco, Texas. More information about Neighborly/Neighbourly, and its franchise concepts, is available at https://www.neighborlybrands.com/.

SOURCE Neighborly