Dwyer Franchising, LLC – also know as the Dwyer Group – has announced they have been acquired by New York-based equity firm Harvest Partners.
The Dwyer Group is one of the world’s largest parent companies of home service brands, and this deal marks the fourth and largest private equity transaction of Dwyer Group in the franchise organization’s history. Terms of the deal were not disclosed.
Dwyer Group is based in Waco, and serves as the holding company for 20 service brands with a franchise network including more than 3,200 franchisees operating in the United States and eight other countries. The combined businesses offer residential and commercial customers with a community of professional services and account for approximately $1.7 billion in annual system-wide revenues.
Harvest Partners is an established middle-market private equity firm with a 35+ year history of investing in companies and partnering with high-quality management teams to support those businesses as they continue to grow to the next level.
Harvest’s purchase transfers majority ownership of Dwyer Group from The Riverside Company, a global investment firm that invested in Dwyer Group two separate times – taking the company private in 2003 and reacquiring the company in 2014.
Source: Dwyer Group