M&A Deal Summary

Neighborly Acquires Aire Serv Heating and Air Conditioning

On January 1, 1992, Neighborly acquired consumer services company Aire Serv Heating and Air Conditioning

Acquisition Highlights
  • This is Neighborly’s 1st transaction in the Consumer Services sector.
  • This is Neighborly’s 3rd transaction in the United States.
  • This is Neighborly’s 3rd transaction in Texas.

M&A Deal Summary

Date 1992-01-01
Target Aire Serv Heating and Air Conditioning
Sector Consumer Services
Buyer(s) Neighborly
Deal Type Add-on Acquisition

Target

Aire Serv Heating and Air Conditioning

Waco, Texas, United States
Aire Serv Heating and Air Conditioning is a global franchise organization providing installation, maintenance, and repair of heating, ventilation, air conditioning, and indoor air quality systems.

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Buyer(S) 1

Buyer

Neighborly

Waco, Texas, United States

Category Company
Founded 1981
Sector Franchising
DESCRIPTION
The Dwyer Group's corporate headquarters in Waco, Texas.
The Dwyer Group's corporate headquarters in Waco, Texas.

Neighborly is a home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly was founded in 1981 and is based in Waco, Texas.


DEAL STATS #
Overall 3 of 28
Sector (Consumer Services) 1 of 11
Type (Add-on Acquisition) 3 of 28
State (Texas) 3 of 6
Country (United States) 3 of 21
Year (1992) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1990-01-01 Mr. Rooter

Waco, Texas, United States

Mr. Rooter is the second largest full-service plumbing and drain cleaning company in the U.S. Recognized by Entrepreneur magazine among its “Franchise 500” and Franchise Times Top 200, Mr. Rooter franchisees provide services to both residential and commercial customers at more than 200 locations in the United States and Canada and more than 100 locations internationally through master licensees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 Mr. Electric

Waco, Texas, United States

Mr. Electric Corp. is a global franchise organization providing electrical installation and repair services. Recognized by Entrepreneur magazine among its “Franchise 500,” Mr. Electric franchisees provide these services to both residential and commercial customers at almost 200 locations worldwide.

Buy -