The Riverside Co. has sold its investment in The Dwyer Group, a holding company of 20 consumer brands, to Harvest Partners.
Riverside, which had a stake in Dwyer since 2003, integrated 11 add-ons during its hold, helping expand Dwyer’s franchise network to more than 3,200 franchisees operating in the U.S. and five European countries.
Dwyer’s EBITDA increased more than 125 percent during that time. Riverside also helped refine the management team with key hires such as a CFO and Chief Strategy & Marketing Officer, building a new corporate headquarters, developing a new IT system and launching the overarching Neighborly brand that unites all of Dwyer’s brands.
Working with Riverside on the investment with Managing Partner Suzy Kriscunas and Partner Meranee Phing were Operating Partner Tom Anderson, Vice President Jason Fulton, Senior Associate Chase Eckert and Associate Connor Ryan. Harris William, William Blair and Jones Day advised Riverside on the transaction.
