Pimlico Plumbers Joins Neighborly Owned by Private Equity Firm KKR

Pimlico Plumbers Acquired By Neighborly
  • Post author:
  • Post category:News

In Waco, Texas, Neighborly acquired Pimlico Plumbers, a London-based independent home and business repair and maintenance firm. Mosquito Joe, as well as other franchised companies, are owned by Neighborly. Neighborly now has 29 brands throughout 19 product verticals and approximately 1,500 colleagues working in nine countries, thanks to the purchase of Pimlico, which is a corporate-owned affiliate. 

Mike Bidwell, president and CEO of Neighborly, stated, “We are pleased to be expanding our worldwide presence with the inclusion of Pimlico as the newest subsidiary brand to join our global network of home service professionals.”

Pimlico was formed in 1979 by Charlie Mullins to provide “More Than Just Plumbers” in terms of maintenance and support. Mullins began his business by working remotely, using an old vehicle and a bag of equipment. Pimlico now has around $70 million annual sales and is known as the first branded plumbing firm in the United Kingdom. Heat, plumbing, baths, draining, electrical work, and other services are available from Pimlico. 

The service takes pleasure in performing as many as 100,000 services works for central London households and businesses each year with the help of more than 400 employees. After the takeover, Scott Mullins will serve as Pimlico’s senior executive; his father, Charlie Mullins, has decided to step down as the company’s owner.

Meanwhile, Brain Woods has been hired as Neighborly’s new Group Vice President of Franchise Development. Woods will lead worldwide franchise development activities for Neighborly’s repairing hub of brands, including Mr. Rooter Plumbing, Mr. Electric, Mr. Appliance, Aire Serv, and Dryer Vent Wizard, under the leadership of Neighborly Chief Development Officer Brad Stevenson. Within Repair, Maintain, and Enhance, Neighborly groups its home service brands into logical groupings. 

Woods made his career debut at Wall Street as an investment banker in the food & agribusiness and, media & telecom industries before shifting to corporate financial roles with PepsiCo and Frito Lay. He subsequently moved into corporate strategy, working for AT&T on several important key development initiatives before taking on his most recent job with Motel 6. He managed the franchise growth strategy, focusing on crucial lead generation, target growth markets, and diversity franchise recruiting. 

Woods said, “Neighborly’s property maintenance brands have a solid track record and a big impact on many of the communities worldwide. Continuous expansion of this already worldwide network will need strategy and creativity, and I’m thrilled to collaborate with Neighborly leadership on these initiatives as we seek to achieve the organization’s mission of Owning the Home.”

Subscribe to Newsletter

Get the latest franchise news and updates delivered straight to your inbox without a fuss! Stay ahead in the franchise industry!