Dwyer Group to be acquired by PE fund TZP Capital Partners for ~$150M

The Dwyer Group, a large franchisor of trades service brands (including Aire Serv Heating and Air Conditioning), entered a definitive agreement to be acquired by an investor group led by New York PE fund TZP Capital Partners I L.P. for approximately $150 million, with the deal expected to close by year-end.

“The Dwyer Group Inc., one of the largest franchising companies of trades service brands, announced that it has entered into a definitive agreement to be acquired by an investor group led by TZP Capital Partners I L.P., a private equity fund based in New York. The deal is expected to close by the end of this year.”

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