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Private equity firm KKR announced an approximately $2 billion acquisition to expand its home services portfolio, adding the company known as A1 to its holdings. The deal extends KKR's push into consumer-facing service businesses, an area private equity firms have increasingly targeted for steady, recurring revenue streams. The transaction adds to a wave of consolidation in home services, a fragmented industry that has attracted institutional capital seeking stable cash flows outside of traditional buyout targets like technology or industrials.