Authority Brands has purchased Color World Housepainting. Terms of the transaction were not disclosed. The acquisition marks the ninth brand addition for Authority Brands since October 2018, with Color World Housepainting representing the company's eleventh brand in its home service portfolio.
Founded by Tom Hodgson in 1997, Color World Housepainting has grown exponentially since its early days serving the Midwest and now has 20 franchise locations throughout the United States. Color World's team of professional painters is highly experienced in both interior and exterior projects, using top-quality products to deliver outstanding results for residential and commercial clients. They also offer add-on services such as holiday lighting design and installation, power washing, gutter installation and repair, and minor drywall and carpentry work, allowing customers to check one more thing off their to-do list while streamlining their home improvement projects.
Companies under the Authority Brands umbrella include leading home service brands The Cleaning Authority, Homewatch CareGivers, America's Swimming Pool Company, Mosquito Squad, Benjamin Franklin Plumbing, Mister Sparky, One Hour Heating & Air Conditioning, Monster Tree Service, DoodyCalls and STOP Restoration. They operate across the residential cleaning, at-home care, swimming pool repair and maintenance, pest control services, plumbing, electrical and heating, ventilation and air-conditioning ("HVAC"), tree care, pet waste removal and restoration sectors, respectively. Authority Brands supports individual franchisee growth by providing strong marketing, technology and operational tools and resources.
Boxwood Partners represented Color World Housepainting and acted as their financial adviser for the transaction.