Franchise Equity Partners, a private investment firm, has made an investment in Reliable Residential HoldCo, the largest franchisee operator within Neighborly, a home services company.

Precision Garage Door was acquired by Neighborly in 2020 and boasts generation, technology, inventory, sales processes, and speed to service customers. FEP will now help the brand and its franchisee expand further. Reliable Residential currently has operations in Clearwater, Fla., Columbus, Ohio and Oklahoma City, Okla. FEP will help expand its presence across select markets within those states, as well as cities throughout the U.S. FEP’s investment in Reliable Residential is the company’s eighth since its inception in November 2021 and its first in residential services.