March 22, 2011: The Dwyer Group Announces National Acquisition Search
March 22, 2011
WACO, Texas - The Dwyer Group Inc. announced that it is actively searching for additional service and repair-based franchisors for possible acquisition. To aid in the search, the company has launched a new section on its website at www.dwyergroup.com/acquisitions/ allowing franchisors a detailed look at the acquisition strategy and the criteria they must meet to be considered.
“We’ve had incredible success with our seven franchise brands, and we are in a leadership role to grow an additional concept across the country that complements our network,” said Dina Dwyer-Owens, chairwoman and CEO of The Dwyer Group.
Supporting that expansion is TZP Group LLC, the private-equity firm that acquired The Dwyer Group in a $150-million transaction last December. Together, TZP and The Dwyer Group are targeting residential and light commercial repair and maintenance companies with a proven record of profitability that can deliver additional services to the customer base across The Dwyer Group’s existing brands.
“The Dwyer Group’s track record speaks volumes in today’s economy that the right team and the right systems are in place to turn the right franchise opportunity into a national leader,” said Sam Katz, managing partner of TZP Group LLC.
Since launching Rainbow International in 1981, The Dwyer Group has grown over 30 years to also include Aire Serv, Mr. Rooter, Mr. Electric, Mr. Appliance, Glass Doctor and The Grounds Guys. Today, the Dwyer Group is one of the world’s largest franchising organizations with more than 1,260 North American-based franchisees, some 280 franchisees operating through international master licenses, and over 35 company-owned glass stores under the brand name Portland Glass.
The Dwyer Group is interested in specific industries such as moving services, pest-control services, pool cleaning, maid services, painting services and roofing among sectors for growth. Companies must have a minimum EBITDA of $2 million.
“For me, it’s not just about adding a new concept to our company,” Dwyer-Owens said. “It’s about helping a franchisor realize its vision with our strong Code of Values and support, and then growing that brand on a national level to exceed customers’ expectations for services that are in demand.”
The Dwyer Group, based in Waco, Texas, is a holding company of seven franchise businesses, each selling and supporting a different franchise under the following service marks: Aire Serv®, Glass Doctor®, The Grounds Guys™, Mr. Appliance®, Mr. Electric®, Mr. Rooter® (Drain Doctor in the UK and Portugal), and Rainbow International®. For more information, visit www.dwyergroup.com.
Publication date: 03/21/2011