Troutman Pepper represented NearU Services, a founder-led premier home services platform company, in partnering with Freeman Spogli & Co., a leading strategic growth investor in the consumer services industry. The partnership will enable NearU to expand into new markets across the United States through strategic acquisitions and partnerships, and to further strengthen its operational capabilities, including making additional investments in its team members, training, and technology. Read a company press release about the partnership.
Founded in 2018 and headquartered in Charlotte, North Carolina, NearU is an employee- and customer-centric provider of essential home services with a focus on HVAC, plumbing, and electrical services. NearU’s brand portfolio has grown to include 22 longstanding and market-leading brands across nine states in the U.S. on both the East and West Coasts.
The Troutman Pepper team advising NearU Services and its existing investor, SkyKnight Capital, L.P., was led by Alec Watson, Jeremy Levy, Wallace Bao, and Stuart Craft. The team included James Hipolit and Cody Mathis (corporate); Saba Ashraf and Jacob Davis (tax); Brad Boericke, Tricia McNeill, and Carlo DeHart (finance); Michael Crumbock (compensation); Barbara Sicalides and Alexis Fennell (HSR); Emily Zimmer, Jim Earle, and Bri Hourihan (benefits); Kim Phan and Robyn Lin (data privacy); Ashley Hager and Emily Schifter (labor); Jim Schutz and Lauren Giambalvo (IP); Andrea Rimer (environmental); and Nick Guttman (real estate).
SkyKnight Capital manages over $2.5 billion in private equity capital on behalf of leading institutional family offices, foundations, endowments, and pensions. SkyKnight makes long-term investments into high quality businesses in acyclical growth sectors alongside exceptional management teams.