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

The Dwyer Group, a 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 TZP Capital Partners I L.P. for approximately $150 million. Transfers majority ownership from the Riverside Company to TZP.

“WACO, Texas - 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.”

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