KKR to Acquire A1 Garage Door Service for About $2 Billion

M&A · Partnership
โดย Reuters·US·Read original
Summary · why it matters

KKR & Co. Inc. has agreed to acquire A1 Garage Door Service, a Phoenix-based residential garage door repair and replacement company, for around $2 billion, according to Reuters, which cited sources familiar with the matter. A1 was founded in 2007 by CEO Tommy Mello and operates in roughly 20 states, having taken growth capital from private equity firm Cortec Group in 2022. The deal extends a wave of home services consolidation, following Oak Hill Capital's more than $800 million purchase of Guild Garage Group earlier this year, with valuations for scaled garage-door and overhead-access platforms reaching historic highs of 12 to 16 times EBITDA in 2026, driven by non-discretionary repair demand and target margins of 18% to 22%, according to industry data. The transaction builds on KKR's existing residential services footprint, which includes Neighborly, a franchiser of plumbing, pest control, electrical, and HVAC brands acquired in 2021, and a significant 2023 investment in Groundworks, a foundation and water-management services provider.

Impact on stocks 2

Aging Population▲ · 1 stocks
KKR & Co. Inc.
KKR
▲ PositiveCapitalrelevance

KKR agreed to acquire A1 Garage Door Service for about $2 billion, expanding its residential services footprint.

Electrification & Mobility▲ · 1 stocks

Off-coverage companies 6

A1 Garage Door ServicePrivate▲ Positive
Capitalrelevance

A1 Garage Door Service is being acquired by KKR for around $2 billion, a valuation reflecting historic highs for scaled garage-door platforms.

Cortec GroupPrivate± Mixed
relevance

GroundworksPrivate± Mixed
relevance

Guild Garage GroupPrivate± Mixed
relevance

NeighborlyPrivate± Mixed
relevance

Oak Hill CapitalPrivate± Mixed
relevance

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