Neighborly Expands Headquarters, Acquires 10,000 Square-Foot Office Building

May 19, 2011

WACO, Texas – Neighborly, formerly Dwyer Group, one of the world’s largest franchising companies of trades service brands, announced the recent acquisition of a building in Waco to add 10,000 square-feet of office space to its existing corporate headquarters.

Neighborly will be expanding to provide additional accommodations for its rapidly growing personnel. The building, located at 524 W. Waco Drive, is in close proximity to the corporate headquarters and will be known as, “The Outpost.”

“The new office building exemplifies our dedication to growth and continuous improvement,” said Dina Dwyer-Owens, chairwoman and CEO of Neighborly. “We have experienced an increase in staff to support our seven franchise brands, and we are adding this building to enhance and expand our corporate headquarters.”

Neighborly is currently celebrating its 30th anniversary and championing continuous business growth. Over the past five years, The Neighborly has increased its number of franchise locations by 27 percent across seven brands. Since launching Rainbow International in 1981, The Neighborly has grown over three decades to include Mr. Rooter, Aire Serv, Mr. Electric, Mr. Appliance, Glass Doctor and The Grounds Guys in that order.

“The decision to acquire additional office space shows our commitment to our employees,” said Debbie Wright-Hood, Chief Administrative Officer for Neighborly and renovation chief for the building. “Once completed, the new office building will serve our growing staff better.”

Neighborly’s corporate headquarters currently houses 250 associates. The new 10,000-square-foot office building will accommodate the company’s department and ZorWare, Inc., a subsidiary technology company of Neighborly.

Neighborly is making renovations to the space and plans to occupy the new building in early July.

About Neighborly®:

Neighborly, based in Waco, Texas, is a holding company of seven franchise businesses, each selling and supporting a different franchise 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®. Collectively, these independent franchise concepts offer customers world-wide a broad base of residential and commercial services. In addition, Dwyer operates glass shops in New England under the Portland Glass brand name. Neighborly is a portfolio company of TZP Group LLC, a private equity firm based in New York that focuses on control investments in business and consumer services companies with enterprise values generally up to $200 million. For more information on The Neighborly, or its franchise concepts, visit the company’s web site at www.dwyergroup.com.