Mr. Rooter Parent Launches National Acquisition Search
Mr. Rooter’s parent company - Waco, Texas-based The Dwyer Group - announced today it is actively searching for additional service and repair-based franchisors for possible acquisition. To aid in the search, the company has launched a new section of its website to allow franchisors a detailed look at the acquisition strategy and the criteria they must meet to be considered.
“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.
Supporting that expansion is TZP Group, 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.
Since launching Rainbow International in 1981, The Dwyer Group has grown over 30 years to include Mr. Rooter, Aire Serv, Mr. Electric, Mr. Appliance, Glass Doctor and The Grounds Guys. Today, the Dwyer Group is one of the world’s largest franchising organizations with more than 1,260 North American-based franchisees, some 280 franchisees operating through international master licenses and more than 35 company-owned glass stores under the brand name Portland Glass.
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.