WACO, Texas, May 2, 2016 /PRNewswire/ -- The Dwyer Group, Inc., one of the world's largest franchising companies of trade service brands, has acquired Germany-based Locatec, growing Dwyer Group's global presence. This latest acquisition supports the company's 2016 international initiative to expand presence in European countries where Dwyer Group service brands currently operate.
"Right now is a very exciting time for international growth at Dwyer Group. We are thrilled to add Locatec to the extensive list of trusted Dwyer Group service brands," said Mike Bidwell, president and CEO of Dwyer Group.
Locatec is a leak detection business in Germany and Austria, which will pair well with Dwyer Group's Rainbow International® operation already making strides in the German market. Locatec currently has 60 franchise locations operating with 120 service vehicles, providing complete coverage of both markets.
"While we are always on the lookout for companies whose core business compliments those of our family of brands, we do not take acquisitions lightly," said Bidwell. "Locatec aligns with our business model and values, and is ripe for growth. They have a proven track record of success and the potential to really grow as part of the Dwyer Group family of brands."
Under the direction of Hartwig Finger, president of European operations at Dwyer Group, the company plans to operate Locatec in a way that will permit German franchisees to accelerate their growth, improve market penetration, and allow Locatec to expand into other countries.
For more information about Dwyer Group's service brands visit www.dwyergroup.com.
About Dwyer Group:
Dwyer Group, based in Waco, Texas, is a holding company of 12 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®, and Locatec®. Collectively, these independent franchise concepts offer customers worldwide a broad base of residential and commercial services. In addition, Dwyer Group operates glass shops in New England under the Portland Glass® brand name. Dwyer Group 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 Dwyer Group, or its franchise concepts, is available at www.dwyergroup.com.
Dwyer Group is also on Twitter at @DwyerGroup.
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SOURCE Dwyer Group, Inc.