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BELFOR Franchise Group acquires junk removal service company JUNKCO+ to strengthen its portfolio of brands

May 14, 2024•about 1 year ago

Acquiring Company

BELFOR Franchise Group

Acquired Company

JUNKCO+

Berat

Description

BELFOR Franchise Group, a leading global residential and commercial services franchisor, has enhanced its family of service brands with the acquisition of JUNKCO+, a junk removal and demolition service franchise. This acquisition allows JUNKCO+ to access the resources and support needed to grow the brand nationwide and extend its quick and convenient junk removal services to customers across the country.

Company Information

Company

BELFOR Franchise Group

About

BELFOR Franchise Group is the world's largest residential and commercial services franchise group based on geographic footprint and number of units. The privately held, multi-concept franchise system is a division of BELFOR Property Restoration, the world's largest disaster restoration company. For over a decade, BELFOR Franchise Group has empowered entrepreneurs by offering industry-leading training, support and equipment, proven business models, and ongoing coaching and business development. BELFOR Franchise Group is the parent organization for 11 of the strongest service-based franchise opportunities for home and commercial cleaning, renovation and restoration. The franchise brands include: 1-800 WATER DAMAGE, Chem-Dry® & Upholstery Cleaning, Delta Restoration Services®, DUCTZ International, HOODZ® International, N-Hance® Wood Refinishing, Blue Kangaroo Packoutz, The Patch Boys®, redbox+®, WINMAR®, and Z PLUMBERZ. For more information, please visit belforfranchisegroup.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed