Service Brands is Biggest Purchase Yet for Dwyer Group
CEO Mike Bidwell said Dwyer Group would ramp up acquisitions after last year’s purchase of the franchisor by The Riverside Co. Looks like he meant it: Waco, Texas-based Dwyer bought Service Brands International this week, a multi-concept system that includes Molly Maid, Mr. Handyman and ProTect Painters.
Systemwide sales at Service Brands are $283 million, and it’s the largest purchase in Dwyer’s history.
“This is a pinnacle moment for Dwyer Group,” Bidwell said in a statement. Dina Dwyer-Owens, co-chair of Dwyer Group, called David McKinnon, chairman of Service Brands, an “incredible pioneer for franchising and for the service trades.”
Through the acquisition, McKinnon becomes an equity stakeholder in Dwyer and a senior adviser to the board. The acquisition adds maid services and handyman services for the first time to the Dwyer lineup, which also includes Glass Doctor, The Grounds Guys, Five Star Painting and others.