M&A Deal Summary

Neighborly Acquires ShelfGenie

On October 5, 2020, Neighborly acquired furniture company ShelfGenie from Peninsula Capital Partners

Acquisition Highlights
  • This is Neighborly’s 1st transaction in the Furniture sector.
  • This is Neighborly’s 18th transaction in the United States.
  • This is Neighborly’s 1st transaction in Georgia.

M&A Deal Summary

Date 2020-10-05
Target ShelfGenie
Sector Furniture
Buyer(s) Neighborly
Sellers(s) Peninsula Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Boxwood Partners (Financial)

Target

ShelfGenie

Atlanta, Georgia, United States
Cabinet Essentials Group LLC is a franchisor and manufacturer of custom, glide-out storage and shelving solutions within a kitchen, pantry or bathroom. Cabinet Essentials Group was formed in 2000 and is based in Atlanta, Georgia.

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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 24 of 28
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 24 of 28
State (Georgia) 1 of 1
Country (United States) 18 of 21
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 HouseMaster

Somerville, New Jersey, United States

HM Services LLC is a professional home inspection franchise. HM Services was founded in 1979 and is based in Somerville, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Precision Garage Door Tri-State

Pompton Plains, New Jersey, United States

Precision Door Service is a garage door repair company providing garage door replacement, repair, and installation services across the tri-state area. Precision Door Service was founded in 1999 and is based in Savannah, Georgia.

Buy -

Seller(S) 1

SELLER

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.


DEAL STATS #
Overall 41 of 47
Sector (Furniture) 2 of 2
Type (Add-on Acquisition) 20 of 23
State (Georgia) 1 of 1
Country (United States) 38 of 44
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Dart Casting

Alsip, Illinois, United States

Dart Casting is a full-service aluminum die casting operation that specializes in low volume, high-mix parts for the consumer, home improvement, and industrial end markets. Dart Casting was established in 1994 and is based in Alsip, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Centaris

Sterling Heights, Michigan, United States

Centaris is a provider of information technology and telephony services, primarily to small- and medium-sized enterprises. The Company was formed via the simultaneous acquisition and merger of two successful businesses. Centaris is based in Sterling Heights, Michigan.

Buy -