The company will become privately held by Riverside and other stockholders; merger will allow franchises to expand brands
The Dwyer Group, parent company of Mr. Rooter, recently entered into a merger agreement with The Riverside Co., a private equity firm with offices in New York, Cleveland, Dallas and San Francisco. Under the terms of the agreement, Dwyer’s stockholders will receive $6.75 in cash for each share of common stock they own.
“Once the merger closes, the likely impact on franchisees is that we’ll be able to more rapidly expand the brands by being able to increase our investment in franchise development, Mr. Rooter included,” said Dina Dwyer-Owens, Dwyer Group’s president and chief executive officer.