Dwyer Group, a portfolio company of Harvest Partners, has acquired Mosquito Joe, a franchisor of mosquito control services. Harvest Partners acquired Dwyer Group from The Riverside Company in June 2018.
The acquisition of Mosquito Joe is the first add-on acquisition for Dwyer since being acquired by Harvest Partners. Mosquito Joe provides mosquito, tick and flea control treatment to residential and commercial customers nationwide. The company has 288 active territories across 34 states and the District of Columbia. Mosquito Joe is headquartered in Virginia Beach, VA (www.mosquitojoefranchise.com).
“We are delighted to join one of the most powerful organizations in the industry,” said Lou Schager, President of Mosquito Joe. “Our franchise network and customers will benefit from Dwyer Group’s vast expertise and extensive resources in the service trades, enabling us to further our expansion.”
Dwyer Group is the owner of 20 consumer brands, 17 of which are franchised service brands focused on residential and light commercial services. The company’s service brands include 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, Window Genie, Countrywide Grounds Maintenance, Drain Doctor, and Bright & Beautiful. These brands collectively have more than 3,300 franchises in nine countries. Dwyer Group, led by CEO Mike Bidwell, was founded in 1981 and is headquartered in Waco, TX (www.dwyergroup.com).
“Mosquito Joe’s rally cry is ‘Outside is fun again,’ and we think their service combined with their professionalism and high customer satisfaction marks are the perfect fit for Dwyer Group,” said Mr. Bidwell. “Mosquito Joe is a market leader in this space, and we look forward to continuing to support its growth.”
Harvest Partners invests in companies that have from $100 million to $1 billion in revenue and $20 million to $100 million in EBITDA. Sectors of interest include business services, consumer services, healthcare services, industrial services, manufacturing and distribution. The firm is headquartered in New York (www.harvestpartners.com).
© 2018 Private Equity Professional | August 15, 2018