WACO, Texas (June 4, 2018) –Dwyer Franchising, LLC (“Dwyer Group”), one of the world’s largest parent companies of home service brands, today announced it has been acquired by Harvest Partners, LP (“Harvest Partners” or “Harvest”), a New York-based private equity firm. The 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, based in Waco, Texas, 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.
“We are thrilled to partner with the Dwyer Group management team. They have built an excellent company and we look forward to providing additional financial and strategic resources to help them further build on their market leader status in the service franchise category,” said Steve Eisenstein, Partner at Harvest Partners.
Jamieson Corporate Finance US, LLC, is a member of FINRA/SIPC.