Neighborly® Acquires Dream Doors
Published: 28 February 2019
Neighborly, the world’s largest franchisor of home service brands, has announced the acquisition of Dream Doors, the UK’s leading kitchen makeover franchisor.
The addition is Neighborly’s first acquisition of 2019 and brings it to a total of 22 service brands, £1.5billion in annual system-wide sales and nearly 3,700 franchisees across nine countries.
The deal includes 91 franchise showrooms across the UK specialising in kitchen makeovers, replacement doors and countertops, and the installation of new appliances. As a result, Neighbourly UK now consists of a total of six brands: Aire Serv, Bright & Beautiful, Countrywide Grounds Maintenance, Drain Doctor, Mr. Electric and Dream Doors. It has three support offices in Banbury, Manchester and Portsmouth.
Mike Bidwell, president and CEO of Neighborly, says: “Dream Doors has delivered on its promise of ‘new life for old kitchens and bedrooms’ for the past 20 years, making the brand a perfect complement to Neighborly Brands’ community of premium home services.
“This brand furthers our expertise for Neighborly in today’s home improvement industry and accelerates the franchise’s growth of in-demand home services throughout the UK.”
Jeff Meyers, vice-president of international operations for Neighborly, adds: “We are always looking to strengthen and grow our portfolio of brands in the UK and Europe and establish new strategic partnerships to help us maximise the breadth and value of our franchise opportunities. We are really excited to have Dream Doors on board and welcome them to our neighbourhood.”
Based in Portsmouth, Dream Doors was founded on providing kitchen makeovers and recently expanded to offer custom wardrobes. As a result of its proven business model and innovations, Dream Doors has received many accolades and awards for excellent service and satisfaction.
Founder and chairman Troy Tappenden is to step down from the company. The Dream Doors network will continue to be overseen by managing director Philip Carr who has been instrumental in implementing the brand’s long-term expansion strategy since 2017.
Philip says: “By joining the world’s largest franchisor of home services, Dream Doors will gain new vendor relationships, a powerful peer group of other Neighborly service brands and more.
“Supported by Neighborly’s expertise, I look forward to this new phase of growth for our brand.”
