Harris Williams & Co. Advises Dwyer Group, Inc. on its Sale to Harvest Partners

June 4, 2018

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it advised Dwyer Group, Inc. (Dwyer Group), a portfolio company of The Riverside Company (Riverside), on its sale to Harvest Partners. Dwyer Group is one of the world’s largest parent companies of trade service brands with over 3,200 franchisees and $1.7 billion in system-wide sales around the world. The transaction was led by John Neuner, Brent Spiller, Corey Benjamin and Zach Ledwith of Harris Williams & Co.’s Consumer Group and Bob Baltimore, Taylor Morris and Pete Morgan of the firm’s Business Services Group.

“We’ve had a relationship with Dwyer Group for more than a decade, and we are excited to have seen first-hand the growth of the business and to have been a part of another successful transaction. Mike Bidwell and the entire management team have executed on their strategy to build a world-class portfolio of domestic and international brands that are poised for continued growth in this exciting next chapter for the company,” said John Neuner, a managing director at Harris Williams & Co.

"Through its unmatched portfolio of premium service brands, Dwyer Group is one of the most respected and successful platforms in the franchising industry. Dwyer Group extends our deep track record in the franchising space and we look forward to many more successful transactions in this vibrant sector," added Brent Spiller, a managing director at Harris Williams & Co.

Founded in 1981 and based in Waco, Texas, Dwyer Group is a holding company of 20 service brands and supports franchise organizations under the umbrella brand Neighborly in the United States and Neighbourly in Canada. Neighborly® is a community of experts who repair, maintain and enhance properties united under one platform to better meet the needs of today’s consumer. Collectively, these concepts offer customers a broad base of residential and commercial services.

Riverside is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 530 transactions. The firm’s international portfolio includes more than 80 companies.

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners’ more than 35 years of experience in financing organic and acquisition-oriented growth companies.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including consumer services and franchising; branded consumer products; food, beverage and agribusiness; and restaurant and retail. For more information on Harris Williams & Co.’s Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams & Co. website.

Harris Williams & Co.’s Business Services Group has experience advising companies that provide a range of commercial, industrial and professional services. For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.