Cleveland-based Dwellworks, a B2B provider of services for the corporate mobility/relocation industry, has secured an undisclosed amount of funding. The investor was TZP Group.
Cleveland, OH – Dwellworks (the “Company”), the leading business-to-business provider of services to the global corporate mobility/relocation industry announced that it has received a significant strategic investment from TZP Capital Partners III, L.P. (“TZP”). Founded in 2007, the Company provides a range of support services to relocation management companies and organizations to help employees and their families transition successfully from their home location to a new destination. TZP is a private equity fund focused on investments in growing business and consumer services companies and part of the TZP Group of funds.
“We are excited about partnering with TZP to continue to grow our capabilities, advance our technology roadmap, and expand our geographic footprint and team. We continue to be focused on providing bestin-class solutions to our clients globally and believe that TZP’s investment will further accelerate our already successful momentum,” said Bob Rosing, President and CEO of Dwellworks.
TZP Group Partner, Paul Davis added “The Dwellworks management team has built an incredible global platform whose tech-enabled service delivery and client focus is second to none. We are thrilled to continue to support this remarkable business in its next stage of growth.”
Dwellworks provides support services to the global corporate mobility/relocation industry, through rapidly expanding operations and service networks in the Americas, Europe, and Asia. The company’s service portfolio includes appraisal management for relocation and mortgage valuation, property management, global destination services, rental assistance, intercultural training, and corporate housing property search and services support. Founded in 2007, the company is a business-to-business provider with a reputation for corporate compliance, service excellence, operational effectiveness and breakthrough innovation. For more information, please visit http://www.dwellworks.com.
About TZP Group LLC
TZP Group, a private equity firm with assets under management of more than $1.3 billion across its family of funds, is focused on investments in business and consumer services companies. Founded in 2007, TZP targets companies with solid historical profitability and sustainable value propositions and aims to be a “Partner of Choice” for business owners and management teams. TZP seeks to invest primarily in closely-held, private companies where the owners desire to retain a significant stake and partner with an investor with complementary operating and financial skills to accelerate company growth, increase profitability, and maximize the value of their retained stake. TZP leverages its investment professionals’ operating and investment experience to provide strategic and operational guidance and is dedicated to long-term value creation. For more information, please visit www.tzpgroup.com.