The Dwyer Group, a franchising platform company of The Riverside Company, has completed the add-on acquisition of Window Genie.
The buy of Window Genie adds more than 100 franchise units to the company and grows Dwyer Group to $1.4 billion in system-wide sales. This is the eighth acquisition for Dwyer Group in the last 27 months and Riverside continues to seek other franchising companies to join Dwyer’s portfolio of service brands.
Window Genie offers residential and light commercial window cleaning, window tinting, pressure washing and other services. The company was founded in 1994 by CEO Rik Nonelle and has more than 100 franchise units operating in 29 states. Mr. Nonelle will assume the role of brand president for Window Genie within the Dwyer Group organization. Window Genie is based in Cincinnati (www.windowgenie.com).
“Joining the Dwyer Group will allow our franchisees to take part in the organization’s collective buying power, provide us with deeper support resources and enable us to rapidly expand our footprint,” said Mr. Nonelle.
The Dwyer Group, acquired by Riverside in August 2014, is now the owner of 14 service-based franchise organizations: Aire Serv, Glass Doctor, The Ground Guys, Mr. Appliance, Mr. Electric, Mr. Rooter, Mr. Handyman, Portland Glass, Rainbow International, Five Star Painting, Molly Maid, ProTect Painters, Locatec, and Window Genie. These brands collectively have more than 2,600 franchises in ten countries. The Dwyer Group was founded in 1981 and is headquartered in Waco, TX (www.dwyergroup.com).
“The buy of Window Genie delivers both a compelling business opportunity for future franchise prospects as well as a complementary trade that fits our overall portfolio of service brands,” said Mike Bidwell, President and CEO of Dwyer Group.
The Riverside Company is a global private equity firm focused on investing in and acquiring growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 440 transactions. The firm’s international portfolio includes more than 80 companies. The firm is headquartered in New York with additional offices in Atlanta, Chicago, Cleveland, Dallas, Los Angeles, San Francisco, and London (www.riversidecompany.com).
© 2016 Private Equity Professional • 11-17-16
