Neighborly Celebrates Record Year of Growth in 2015
Company completes four acquisitions
Organization grows to 13 service brands
Network expands to 2,500 franchise locations across 10 countries
Brands exceed 3 million service calls and $1.3 billion in annual system-wide sales
WACO, Texas (December 21, 2015) – Neighborly, formerly Dwyer Group, one of the world’s largest franchising companies of trade service brands, celebrated a historic year of growth and an acquisition record to rival any franchisor in America for 2015.
“This was a year for the record books,” said Mike Bidwell, president and CEO of Neighborly. “We grew more in the last 12 months than any other time since our company was founded in 1981.”
Neighborly completed four acquisitions throughout the year that added:
- Five Star Painting in January
- Service Brands International in June (which included Molly Maid, Mr. Handyman and ProTect Painters)
- The Grounds Guys Canada in June
- And the acquisition of Drain Doctor, the Mr. Rooter Plumbing master license business in the United Kingdom in October
Strong organic growth also added 260 new franchise locations to the company’s original eight service brands. When combined with the acquisitions, the overall Neighborly roster expanded to 13 service brands and more than 2,500 franchise locations in 10 countries around the world. Today, Neighborly service brands account for over 3 million service calls a year and more than $1.3 billion in annual system-wide sales.
“Neighborly continues to be a shining example of the success of private equity investing,” Bidwell added. Since being purchased for second time by The Riverside Company in August 2014, Neighborly has grown by 50 percent.
“I am reminded daily of the incredible impact we are making on franchising, on small business ownership, on job creation, and outstanding customer service for all involved.” Bidwell said. “The hard work and dedication of our team and the accomplishments of the last year have positioned us for an incredible future.”
Neighborly, based in Waco, Texas, is a holding company of 11 franchise businesses, each selling and supporting a different franchise under the following service marks: Aire Serv®, Glass Doctor®, The Grounds Guys®, Five Star Painting®, Molly Maid®, Mr. Appliance®, Mr. Electric®, Mr. Handyman®, Mr. Rooter® (Drain Doctor® in the UK and Portugal), ProTect Painters®, and Rainbow International®. Collectively, these independent franchise concepts offer customers worldwide a broad base of residential and commercial services. In addition, Neighborly® operates glass shops in New England under the Portland Glass® brand name. Neighborly is a portfolio company of The Riverside Company®, a global private equity firm. The firm’s international portfolio includes more than 75 companies. More information on Neighborly, or its franchise concepts, is available at www.dwyergroup.com.
Neighborly is also on Twitter at @DwyerGroup.
For more information, contact:
Monica Feid, BizCom Associates
(972) 490-8053, [email protected]