The Dwyer Group, a franchising platform company of The Riverside Company, has completed the add-on of Cumberland County Glass.
Cumberland County Glass (CCG) provides commercial glass glazing, fabrication, and installation services, primarily involving windows and doors used in new construction of commercial buildings. The company is based in Bowdoinham, ME (www.cumberlandcountyglass.com).
The Dwyer Group is one of the world’s largest franchising companies of trade service brands. CCG will be combined with Dwyer’s existing Portland Glass business, which is also based in Maine. Portland Glass provides repair and replacement services for residential, business and automotive glass needs (www.portlandglass.com).
The Dwyer Group, acquired by Riverside in August 2014, is now the owner of 13 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, and Locatec. These brands collectively have more than 2,500 franchises in ten countries. The Dwyer Group was founded in 1981 and is headquartered in Waco, TX (www.dwyergroup.com).
The buy of CCG is the seventh add-on Dwyer and Riverside have completed since Riverside’s investment in 2014. The firm continues to seek other franchising companies to join Dwyer’s portfolio of service brands.
“We’re excited about the new capabilities CCG offers Portland Glass customers,” said Riverside Vice President Jason Fulton. “Combining these companies allows Portland Glass to offer more comprehensive commercial services and extends CCG’s footprint beyond Greater Portland and into Vermont and New Hampshire.”
Working with Mr. Fulton on the transaction for Riverside were Partner Sarah Roth, Senior Associate Marc Baudry, Associate Ryan Collins and Operating Partner Tom Anderson. Partner Anne Hayes worked on financing the transaction for the firm.
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).
Madison Capital Funding, Ares Capital, Antares Capital, NXT Capital and NewStar Financial provided financing for this transaction.
© 2016 Private Equity Professional • 10-4-16
