Neighborly® Acquires Bright & Beautiful®
Deal adds more than 50 franchise units and grows Neighborly to $1.5B
in system-wide sales.
WACO, Texas (April 13, 2017) – Neighborly, formerly Dwyer Group, one of the world’s largest parent companies of trade service brands, has completed the add-on acquisition of Bright & Beautiful, a home cleaning service based in the U.K. The deal marks the ninth acquisition for Neighborly in the last few years and grows the organization to $1.5 billion in system-wide sales. Neighborly will now have 15 franchise brands with more than 2,800 franchisees across service brands and a record 600+ employees throughout North America, U.K. and Germany.
“We are thrilled to welcome Bright & Beautiful to Neighborly family of brands,” said Mike Bidwell, president and CEO of Neighborly. “This addition helps Neighborly diversify our brand presence in the UK, taking us one step closer to offering a comprehensive residential and commercial service line-up to our customers.”
Bright & Beautiful offers residential cleaning services, providing eco-friendly cleaning, laundry and tidying assistance. What began as a vision for an ethical, friendly and professional homecare business by founder Rachel Ray has grown over the last 10 years into a system of more than 50 franchisees, employing 700+ employees.
“We are delighted to join one of the most powerful organizations in the industry,” said Ray. “Our franchise network and clients will benefit from Neighborly’s vast expertise and extensive resources in the service sector, enabling us to expand across the U.K. and beyond.”
For more information about Neighborly’s service brands visit www.dwyergroup.com.
Neighborly, based in Waco, Texas, is a holding company of 15 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), ProTect Painters®, Rainbow International®, Locatec®, Bright & Beautiful® and Window Genie®. 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® and Cumberland County Glass® brand names. 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, and its franchise concepts, is available at www.dwyergroup.com.
Neighborly is also on Twitter at @DwyerGroup.
For more information, contact:
Melissa Rubin, BizCom Associates
(214) 306-7421/ [email protected]