NEW YORK - The Riverside Company, a private equity firm with offices in New York, Cleveland, Dallas, and San Francisco, announced the acquisition of the Dwyer Group, a holding company that owns six franchise businesses, including Aire Serv® Heating & Air Conditioning and Mr. Rooter®.
The Dwyer Group, headquartered in Waco, Texas, was formerly a public company traded on Nasdaq. With the approval of a majority of the outstanding shares of Dwyer's common stock, the company has now become privately held by Riverside and other stockholders, including members of the Dwyer family and Dwyer's senior management. Currently, Dwyer supports approximately 800 franchisees in the United States and Canada, as well as approximately 275 franchisees in 15 other countries through its master licensees.