Dwyer Wants to Buy a Franchisor
WACO, Texas — Yesterday the Dwyer Group announced that it is seeking home service or repair franchisors for acquisition.
It has also added a new section to its website that provides franchisor candidates a glimpse of its acquisition strategy and criteria.
"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.
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.
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 an already loyal 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.
1,260 North American-based franchisees and 280 international master licensees make up Dwyer's federation of franchising firms, concepts such as Mr. Rooter, Aire Serv, Mr. Electric, Mr. Appliance, Glass Doctor and The Grounds Guys. The conglomerate owns 35 stores under its Portland Glass brand.
"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."