TZP Group sells The Dwyer Group

New York, NY - August 18, 2014 - TZP Group (TZP) sold The Dwyer Group (Dwyer), a holding company of seven franchise businesses focused on residential and commercial services, to The Riverside Company.

Based in Waco, Texas, Dwyer provides support and marketing under the following service marks: Aire Serv, Glass Doctor, The Grounds Guys, Mr. Appliance, Mr. Electric, Mr. Rooter (Drain Doctor in the UK and Portugal), and Rainbow International. Dwyer also owns and operates glass shops in New England under the Portland Glass brand name. Since 2010, when TZP bought majority control of Dwyer, the Company's EBITDA has grown by more than 60%.

"Dwyer's business successfully evolved during its partnership with TZP and the transaction reflects the very essence of our firm's strategy," said Sam Katz, Managing Partner for TZP.

Leadership highlighted enhancements to the franchisee value proposition and new marketing initiatives during the partnership.

Dina Dwyer-Owens, Executive Chairwoman, and Mike Bidwell, CEO and President, both praised TZP as a valuable partner, noting significant business improvements and expanded service brands.

TZP leveraged its franchise expertise on initiatives including a Center of Digital Excellence (CODE), vendor network improvements, international expansion, and enhanced franchise sales processes.

Nathan Chandrasekaran and Andrew Hollod worked with Sam Katz on the transaction.