The Dwyer Group, a franchising company of trade service brands, has been acquired for the second time by The Riverside Co., a private equity fund with locations in North America, Europe and Asia. The deal with the global investment firm renews a collaboration between two growing and successful organizations. Terms of the deal were not disclosed.
The Dwyer Group, based in Waco, Texas, serves as a holding company for seven residential and commercial franchise service brands including Rainbow International, which offers commercial restoration, home restoration and carpet cleaning services through over 400 locations worldwide. The company's total franchise network includes more than 1,600 franchisees operating in the U.S. and seven other countries. In addition to its franchise concepts, The Dwyer Group also owns and operates 35 full-service glass stores in Maine, Vermont and New Hampshire. Combined, the service brands account for almost $1 billion in annual system-wide revenues, according to the company.