M&A Deal Summary

TZP Group Acquires Neighborly

On December 8, 2010, private equity firm TZP Group acquired franchising company Neighborly from The Riverside Company for 150M USD

Acquisition Highlights
  • This is TZP Group’s 2nd transaction in the Franchising sector.
  • This is TZP Group’s largest (disclosed) transaction.
  • This is TZP Group’s 4th transaction in the United States.
  • This is TZP Group’s 1st transaction in Texas.
Investment Fate
  • Neighborly was sold to a consortium of financial buyers in 2014.
  • Neighborly was sold to a consortium of financial buyers in 2018.
  • Neighborly was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2010-12-08
Target Neighborly
Sector Franchising
Buyer(s) TZP Group
Sellers(s) The Riverside Company
Deal Type Secondary Buyout
Deal Value 150M USD
Advisor(s) Harris Williams & Co. (Financial)

Target

Neighborly

Waco, Texas, United States
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.

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Buyer(S) 1

Buyer

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 5 of 45
Sector (Franchising) 2 of 3
Type (Secondary Buyout) 1 of 9
State (Texas) 1 of 3
Country (United States) 4 of 42
Year (2010) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 SAXX Underwear

Vancouver, British Columbia, Canada

SAXX Underwear designs and sells comfortable, premium, high-performance men’s apparel tailored to support an active lifestyle. SAXX’s products are made from the highest quality functional fabrics to address the specific needs of each customer, ranging from everyday lifestyle pieces to high-performance gear. SAXX Underwear was founded in 2006 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-24 Media Storm

New York, New York, United States

Media Storm is a data-driven marketing agency that has created an integrated solution of identifying and converting hand-raisers and driving greater ROI through accountable and active media. Media Storm data science and optimization platform, JubaPlus, has replaced traditional planning, allowing for unmatched predictability and true business results.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 46 of 191
Sector (Franchising) 1 of 3
Type (Secondary Buyout) 21 of 77
State (Texas) 3 of 12
Country (United States) 34 of 133
Year (2010) 10 of 11
Size (of disclosed) 9 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Maverick Enterprises

Ukiah, California, United States

Founded in 1993, Maverick is a niche packaging company that produces capsules to cover the cork and neck of wine bottles. Capsules, also known as secondary closures, are utilized by wineries to enhance the marketing and branding of their wines as well as to provide tamper evidence. Maverick is located in Ukiah, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 Sunrise Windows & Doors

Temperance, Michigan, United States

Sunrise Windows & Doors is a manufacturer and distributor of premium-priced, energy-efficient, custom replacement vinyl windows and patio doors, distributing its products through specialty window dealers, home improvement contractors, and building products distributors. Sunrise Windows & Doors was founded in 1994 and is based in Temperance, Michigan.

Buy -
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