Home service brand franchisor Neighborly has acquired HouseMaster, a professional home inspection franchised based in Somerville, New Jersey. The addition becomes the 25th brand under the Neighborly umbrella and officially expands the organization to more than 4,000 franchise owners around the world.
“Our vision is to ‘Own the Home’ and provide the very best services to homeowners, and this now includes HouseMaster’s premier home inspection network with a stellar reputation that more customers can call upon,” said Mike Bidwell, president and CEO of Waco, Texas-based Neighborly. “HouseMaster is a perfect complement to our existing Neighborly brands and presents a tremendous opportunity to grow more franchise locations.”
Founded in 1979 by Ken Austin, HouseMaster became the first home inspection business to franchise, and now includes more than 170 franchise owners serving more than 300 franchise territories across the U.S. and Canada. Since the brand’s founding, HouseMaster inspectors have performed more than 3.5 million home inspections.
“Having grown up in this business, I recognize that joining the larger Neighborly organization marks a historic moment for HouseMaster as a launching point for growth like we’ve never seen before,” said Kathleen Austin Kuhn, president of HouseMaster and a charter member of the American Home Inspection Association (AHIA). “We look forward to expanding our presence, serving more customers by being all things Neighborly to residential and commercial real estate buyers and sellers.”
Deloitte Corporate Finance LLC provided advisory services to Neighborly in connection with this transaction.