Go to deals
Private Equity | Consumer & Retail

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.

Service
M&A sell-side
Parties
“I would like to thank all of those involved in the process that has concluded with us ultimately choosing Neighborly as our partner going forward, those at Oaklins Cavendish and our CFO Mike Bergin, without whom this would not have happened.”

Scott Mullins

President and CEO, Pimlico Plumbers

Talk to the deal team

 John  Farrugia

John Farrugia

Managing Partner

London, United Kingdom
Oaklins Cavendish
 Rebecca  McCredie

Rebecca McCredie

Director

London, United Kingdom
Oaklins Cavendish
 Sam  Kavanagh

Sam Kavanagh

Associate Director

London, United Kingdom
Oaklins Cavendish
 Emily  Hill

Emily Hill

Senior Associate

London, United Kingdom
Oaklins Cavendish
 Tom  Holland-Hibbert

Tom Holland-Hibbert

Senior Analyst

London, United Kingdom
Oaklins Cavendish

Related deals

Garz & Fricke Group has been acquired by SECO S.p.A
Private Equity | TMT

Garz & Fricke Group has been acquired by SECO S.p.A

SECO S.p.A., a reference player in the field of technological innovation, Internet of Things and Artificial Intelligence solutions, listed on the STAR segment of Italian Stock Exchange (Ticker: IOT:MI), has entered into an agreement to acquire the 100% of the shares of Garz&Fricke Holding GmbH (G&F), a Hamburg-based producer and developer of hardware and software solutions for industrial IoT, from the financial investor Afinum Management GmbH and other minority shareholders.

Learn more
Pinsalab has been acquired by Deutsche Invest Capital Solutions
Private Equity | Food & Beverage

Pinsalab has been acquired by Deutsche Invest Capital Solutions

The private shareholders of Pinsalab S.r.l. have sold the company to Deutsche Invest Capital Solutions GmbH.

Learn more
QS Solutions has received an investment from Capital A Investment Partners
Private Equity | TMT

QS Solutions has received an investment from Capital A Investment Partners

Capital A Investment Partners has realized an investment in leading cybersecurity independent software vendor QS Solutions. With the support of Capital A, QS Solutions will be able to further leverage on its strong offering of unique products and flagship solutions in the cybersecurity space, hereby responding to the ongoing growth in investment in the sector.

Learn more