Neighborly, a home services company, has bought Junk King, a junk removal and hauling company.
Junk King began in the garage of its co-founder, Michael Andreacchi, in San Carlos, Calif. in 2005. Now, Junk King has over 150 locally-owned franchises in 32 states and in Canada (operating as Junk Works). The acquisition looks to bring Neighborly into a new service vertical. With the deal, Lisa Merry, chief operating officer for Junk King, has assumed a new role as brand president.
“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,” says Mike Bidwell, president and CEO of Neighborly. “Junk King is one of a handful of scaled franchised companies operating in the $10 billion junk removal market today.”
Boxwood Partners served as the sell-side advisor to Junk King for the transaction.