The Junk Removal Franchise Creates a New Service Verticle for Neighborly
Home Services franchisor Neighborly recently announced the acquisition Junk King, a junk removal and hauling franchise with more than 150 locally owned franchises across 32 states and in Canada (as Junk Works®). This acquisition adds a new vertical to Neighborly’s portfolio of more than 30 brands.
In a news release announcing the acquisition, Neighborly President and CEO Mike Bidwell communicated Neighborly’s desire to align with scalable brands that serve customers regularly. “We saw Junk King as another excellent opportunity to expand into a new service vertical with a brand that has a strong reoccurring business model and potential for growth. Junk King is one of a handful of scaled franchised companies operating in the $10 billion junk removal market today,” he said.
About Junk King
Junk King co-founder Michael Andreacchi started the company from his garage in San Carlos, California, in 2005 and began franchising it in 2010. “I would never have dreamed that we could grow Junk King into what it has become in the market today,” said Andreacchi. “This is due to the hard work and perseverance of our leadership team and employees, and further reinforced by our franchise owners, who believed in our vision and propelled the brand through their entrepreneurial drive. Now, with the opportunity for Junk King to join the largest home services company in the world, there’s no limit to how large this brand can become, and I’m certain this is the right step for the future.”
Today, the eco-friendly junk removal franchise prides itself on recycling, reusing, or donating up to 60% of all materials it collects. Junk King’s extra-large trucks also work to decrease its carbon footprint while saving customers money at the same time.
Lisa Merry, chief operating officer for Junk King, has been named brand president. Merry has extensive experience in franchising with prior leadership roles at Huntington Learning Centers, Coverall Health-Based Cleaning, and School of Rock. Andreacchi will serve as an investor and Brand Ambassador for Junk King.
About Neighborly
With more than 30 home services brands, Waco, Texas-based Neighborly has 5,000 franchises serving 12 million customers in six countries. The company was founded in 1981 by Don Dwyer and was previously known as the Dwyer Group. The company operates online platforms that connect consumers to service providers in their local communities across 18 service categories at Neighborly.com or through the Neighborly App. Global investment firm KKR acquired Neighborly in July 2021.
Neighborly recently announced the acquisition of Lawn Pride. Among its other North American brands are Aire Serv, Cumberland County Glass, Dryer Vent Wizard, Five Star Painting, Glass Doctor, HouseMaster, Molly Maid, Mosquito Joe, Mr. Appliance, Mr. Electric, Mr. Handyman, Mr. Rooter, Portland Glass, Precision Door Service, ProTect Painters, Rainbow International, Real Property Management, ShelfGenie and Window Genie.