Mr Electric

$MERLF500 #174
CategoryMaintenance
SubcategoryElectrical Services
ParentNest Holdings LP
PE / InvestorKohlberg Kravis Roberts & Co. L.P.
Founded1994
Completeness33/34 (97%)
Years in Business31
Began Franchising1994
HQWaco, TX
Executives12
Main Phone254-745-2466
FDD IssuedApril 1, 2026
Last UpdatedMay 19, 2026
FDDs2026 · 2025 · 2022 🔒
Franchisor

Mr. Electric SPV LLC offers franchises for the operation of businesses that perform electrical services and repairs under the name MR. ELECTRIC®. Franchises are offered as start-ups or as conversions of existing businesses.

Mr. Electric SPV LLC is a wholly-owned subsidiary of Neighborly Assetco LLC, which is controlled by investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P. Key executives include President Joshua McCormick and CEO Michael Anthony Davis.

Mr. Electric SPV LLC offers franchises for the operation of businesses that perform electrical services and repairs under the name MR. ELECTRIC®. Franchises are offered as start-ups or as conversions of existing businesses.

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Inside the full scorecard
FranDeals Score
34-box data-completeness and quality rating
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Franchisee Health Score
Operator-side financial health signal
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Fees & Investment
Franchise fee, royalty, total startup cost (Items 5–7)
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Financial Strength & Stability
Current ratio, debt/equity, ROE, margins (Item 21)
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Item 19 — Financial Performance
Average unit revenue, revenue spread, payback
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Unit Count & Growth
Systemwide units and multi-year growth (Item 20)
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Outlet Trajectory
Openings, closures, survival & turnover rates
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Executive Team
Officers and directors (Item 2)
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Franchisee Roster
Current and former franchisee operators
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Litigation & Disclosures
Item 3 legal matters, Item 4 bankruptcy
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News & Peer Comparison
Recent signals and category benchmarks
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