Scott Mullins will maintain his role as Pimlico’s leading executive following an acquisition by new American owners this week.
However, founder Charlie Mullins has stepped down as the owner of Pimlico.
Neighborly, the world’s largest franchisor of home service brands, announced the acquisition of Pimlico Plumbers earlier this week.
The acquisition of Pimlico expands Neighborly to 29 brands across 19 service verticals and nearly 1,500 associates operating in nine countries.
“Neighborly is well-respected across the globe as the driving force behind so many reputable brands in the home service and maintenance industry,” said Scott Mullins, president and CEO of Pimlico. “Even after Pimlico’s 40-plus years of independent business success, Neighborly’s proven track record for growth and its commitment to its Code of Values assures that we’ve found a like-minded company that can help us grow. This marks a major international milestone for both organisations, and I am excited about the continued innovation and prosperity that is sure to follow for us all.
“I would like to pay tribute to my father Charlie, for creating the business out of nothing. I would like to thank all of those involved in the process that has concluded with us ultimately choosing Neighborly as our partner going forward, those at finnCap Cavendish and our CFO Mike Bergin, without whom this would have not happened.”