Sydnic, LLC has acquired Precision franchises in Raleigh and Fayetteville, NC, and Virginia Beach and Richmond, VA, enhancing its market presence and service offerings across 14 markets.

Information on the Target

Sydnic, LLC is one of the largest franchisees of Precision Garage Door Service™, a brand under the Neighborly® umbrella. The company has successfully expanded its operations with the recent acquisition of the Precision franchises located in Raleigh and Fayetteville, North Carolina, as well as in Virginia Beach and Richmond, Virginia. This strategic move enhances Sydnic's footprint, allowing its technicians to provide comprehensive repair, maintenance, and installation services for residential garage doors, openers, and related equipment across a total of 14 markets.

The acquisition involved Tim and Lynn Yeager for the North Carolina locations and Scott and Shauna Kale for the Virginia franchises. Their established businesses and dedicated teams add significant value to Sydnic, which only reinforces the company's commitment to quality service in garage door solutions.

Industry Overview in the Target’s Specific Country

The garage door service industry in the United States is experiencing robust growth, fueled by rising demand for maintenance and repair services due to the increasing number of residenti