KKR & Co. agreed to acquire A1 Garage Door Service for approximately $2 billion. The Phoenix-based company specializes in residential garage door repair and replacement.
A1 Garage Door Service currently operates in more than 70 markets across 20 U.S. states. The deal expands KKR’s presence in the fragmented home services sector.
Private equity firms are increasingly consolidating this market to capture steady cash flows and operational efficiencies. KKR’s existing portfolio in the space includes investments in Neighborly and Groundworks.