Volume 38, Issue 12, December 2003
Riverside Acquires Dwyer Group; Glass Doctor Acquires Harmon AutoGlass
The Riverside Co., which has offices in Cleveland, Dallas, New York City and San Francisco, has acquired the Dwyer Group, owner of the Glass Doctor, marking its first public-to-private transaction.
The Dwyer Group was formerly traded on the NASDAQ under the symbol “DWYR,” and has approximately 800 franchises in the United States and Canada. Through its master licenses it also has approximately 275 franchises in 15 other countries.
|Crystal is Granted ISO 9001: 2000 Certification
Crystal Window and Door Systems of Flushing, N.Y., has received ISO 9001:2000 certification for quality, design, engineering and production as developed by the International Standards Organization (ISO). According to information from the company, the 9001:2000 certification is more advanced than the ISO 9002 quality standard, which it received in 2002.
“We’ve been eyeing small, public companies for some time as a possible source of attractive acquisitions,” said Stewart Kohl, Riverside managing general partner. “The rate of public-to-private transactions has been slower than we expected, with just 70 in 2002 and 77 in each 2001 and 2000, according to Mergerstat Review. But we do
anticipate this number increasing significantly. And especially with the quality of the Dwyer Group, we couldn’t be more pleased to contribute to 2003’s tally and close what we hope will be the first of many take-private opportunities for Riverside.”
“The Dwyer Group has always strived to align itself with winners, and this is no exception,” said Dina Dwyer-Owens, Dwyer Group president and chief executive officer. “Having the support of the Riverside Co. is a huge affirmation of the strength of our brands within the franchising and trade services industries. This not only complements the team that we have in place, but it also allows us to aggressively go after substantial growth in all areas of our business.”
In other news at the Dwyer Group, it recently signed an agreement to purchase Minneapolis-based Harmon AutoGlass. The purchase was not yet complete at press time.
Info www.riversidecompany.com or www.dwyergroup.com.
BEMA Now Accepting Entries for 2003 Design Awards
The Bath Enclosure Manufacturers Association (BEMA) has announced it is accepting entries for its eighth annual design awards, co-sponsored by Comet Bathroom Cleaner.
The awards are designed to recognize exceptional bathroom designs that use a shower or tub enclosure in place of a shower curtain.
“The BEMA Design Awards were established to recognize the companies that manufacture bath enclosure components for the creative uses of their products,” said BEMA president Bill Furr of Coastal Industries. “The enclosure is often the central design
element in today’s bathroom, and BEMA works hard to place the focus on the bath enclosure.”
Judging criteria is based on the complexity of the design and how it works with the overall design of the bathroom. Entry categories are glass under 3/8-inch and glass 3/8-inch and over. There is no entry fee and the same company can enter more than one project.
The entry deadline is January 9, 2004. Installations must use hardware or enclosure materials supplied by a BEMA member. Entries must have been installed between January 1, 2003, and December 31, 2003.
Entries will be judged by a panel of industry and consumer magazine editors. Winners in both categories will receive airfare and hotel accommodations to attend the BEMA Annual Meeting, taking place in San Diego in March of 2004.
Info www.bathenclosures.org or call 785/273-0393.
Solutia and SMED Announce Partnership
Solutia Inc. of St. Louis has announced a partnership with SMED, a modular wall system company that is owned by Haworth Inc. Through the partnership SMED will use Solutia’s Vanceva™ Design interlayer products as a standard offering in its LifeSPACE® wall systems.
The walls will feature various interlayers, which are offered in many different colors and effects. Available choices include metallics and patterns and six colors, which include cool, white, aquamarine, true blue and smoke gray.
Oldcastle Penticton, an architectural glass supplier, will serve as the primary supplier. According to information from Solutia, additional Oldcastle locations may also become involved depending on the location of the project.
Info www.solutia.com or call 314/674-1000.
Shores and Jeffers Launch New Company
Dave Shores and Steve Jeffers, formerly of Bend, Ore.-based Glas-Weld Systems, have launched their own business, Surface Restoration Specialists, which will be based in Bend. The two left Glas-Weld recently after the company underwent a restructuring.
The focus of Surface Restoration Specialists is to restore and treat scratch and water damage to both glass and acrylics. So far, the company has completed projects across the nation in a number of locations, including California, Delaware, Michigan and Texas, with jobs slated for Seattle, Chicago and Richmond, Va. The company’s primary focus is large, architectural and flat glass projects.
Heitmann & Associates Opens Phoenix Branch
Heitmann & Associates Inc. has expanded west and opened a new branch in Phoenix. Larry Vondrasek has joined the company and will serve as manager/Western region.
Vondrasek has nearly 30 years of experience in the building enclosure industry. Most recently he was with Masonry Arts Inc.
In other news, Heitmann & Associates has announced that its New York offices have relocated to 20 West 22nd St., 17th Floor, New York, NY 10010.
The Eastern regional office currently is involved in a number of projects, including the New York Times world headquarters, the John Edward Porter—National Neuroscience Research Center and the Children’s Hospital of Philadelphia.
Info www.heitmannassoc.com or call 314/439-1944.
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