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SCHEDULE 13D
Under the Securities Exchange Act of 1934
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Securities and Exchange Commission
Washington, D.C. 20549
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DWYER GROUP, INC.
(Name of Issuer)
Common 26745510-3
(Title of Class of Securities) (CUSIP Number)
Vance M. Arnold
8080 N. Central Expressway, Suite 210 LB 59, Dallas, TX 75206
(214) 891-8294
Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
May 15, 1996
(Date of Event which Requires Filing of this Statement)
1. Names of Reporting Person S.S. or I.R.S. Identification No.:
Renaissance Capital Growth & Income Fund III, Inc. 75-2533518
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2. Check the Appropriate Box if a Member of a Group:
(a) N/A
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(b) N/A
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3. SEC Use Only:
4. Source of Funds: PF/WC
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e): None
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6. Citizenship or Place of Organization: Texas
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Number of Shares Beneficially Owned by Each Reporting Person With:
(7) Sole voting Power: 700,000 shares
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(8) Shared Voting Power: 0
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(9) Sole Dispositive Power: 700,000 shares
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(10) Shared Dispositive Power: 0
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(11) Aggregate Amount Beneficially Owned be Each Reporting Person:
700,000 shares
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares: N/A
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(13) Percent of Class Represented by Amount in Row (11): 9%
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(14) Type of Reporting Person: IV
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AMENDED SCHEDULE 13D
Filed Pursuant to Rule 13D-1
ITEM 1. SECURITY AND ISSUER
Common Stock of The Dwyer Group, Inc.
The Dwyer Group, Inc.
1010 N. University Parks Drive
P.O. Box 3146
Waco, TX 76707
ITEM 2. IDENTITY AND BACKGROUND
a., b., c. Renaissance Capital Growth &
Income Fund III, Inc. Filer
8080 N. Central Expressway, Suite 210
Dallas, Texas 75206
Renaissance Capital Group, Inc. Investment Advisor
to the Filer
8080 N. Central Expressway, Suite 210
Dallas, Texas 75206
Renaissance Capital Growth & Income Fund III, Inc. is a Texas
limited corporation, organized as a business development
company under the Investment Company Act of 1940.
Renaissance Capital Group, Inc. a Texas corporation, is the
Investment Advisor and is responsible for the administration of
the Filer's investment portfolio.
The officers of Renaissance Capital Group, Inc. are:
Russell Cleveland, President
Barbe Butschek, Senior Vice President, Corporate
Secretary and Treasurer
Vance M. Arnold, Executive Vice President
Mardon M. Navalta, Vice President
Norman D. Cox, Vice President
All officers and directors of Renaissance Capital Group, Inc.
are residents of Texas.
d. None.
e. None.
f. Texas
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Filer's source of funds is the Shareholders capital and
approximately $1.5 million will be used to complete the Filer's
investment strategy.
ITEM 4. PURPOSE OF TRANSACTION
The sole purpose of the acquisition of these securities was as
an investment in accordance with Partnership's election as a
Business Development Company under the Investment Act of 1940.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
On June 2, 1995, the Filer, for the first time, purchased 4,000
shares of Common Stock of The Dwyer Group, Inc. ("Dwyer
Group"). On June 9, 1995, The Filer and The Dwyer Group
entered into a Stock Purchase Agreement in which the Investor
agreed to purchase from The Dwyer Group 70,000 shares of Common
Stock of The Dwyer Group at $3.50 per share for a total
aggregate consideration of $245,000. The 70,000 shares of
Common Stock was not delivered to the Filer until June 14,
1995, and the certificate is dated as such. Also on June 9,
1995, the Filer entered into a Stock Purchase Agreement with
the estate of Donald J. Dwyer, Deceased pursuant to which the
Filer agreed to purchase from the estate 300,000 shares of
Common Stock of The Dwyer Group at $3.00 per share for an
aggregate consideration of $900,000. The Filer did not receive
the shares pursuant to the Purchase Agreement with Donald J.
Dwyer until June 14, 1995, and the certificate is dated as
such. In addition, the Filer has purchased in the open market:
on June 9, 1995, 3,400 shares of Common Stock of The Dwyer
Group; on June 14, 1995, 3,200 shares of Common Stock of The
Dwyer Group; on June 20, 1995, 5,000 shares of Common Stock of
The Dwyer Group; on June 22, 1995, 5,000 shares of Common Stock
of The Dwyer Group; on June 23, 1995, 11,000 shares of Common
Stock of The Dwyer Group; on June 28, 1995, 6,500 shares of
Common Stock of the Dwyer Group; on June 30, 1995, 5,000 shares
of Common Stock of The Dwyer Group; and on July 5, 1995, 20,000
shares of Common Stock of the Dwyer Group. The purchase made
on July 5, 1995, placed the Filer over 5% of the Common Stock
outstanding of the Dwyer Group and triggered the Filer's
obligation to file this schedule. On November 20, 1995 the
Filer purchased 13,500 shares of Common Stock of the Dwyer
Group; on November 24, 1995, 6,000 shares of Common Stock of
the Dwyer Group; on November 28, 1995, 14,000 shares of Common
Stock of the Dwyer Group; on December 4, 1995, 10,300 shares of
Common Stock of the Dwyer Group; on December 8, 1995, 7,000
shares of Common Stock of the Dwyer Group; on December 21,
1995, 12,000 shares of Common Stock of the Dwyer Group; on
December 29, 1995, 9,000 shares of Common Stock of the Dwyer
Group; on February 23, 1996, 11,000 shares of the Dwyer Group;
on February 26, 1996, 6,000 shares of Common Stock of the Dwyer
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Group; on March 1, 1996, 5,000 shares of Common Stock of the
Dwyer Group; on March 8, 1996, 15,000 shares of Common Stock of
the Dwyer Group; on March 15, 1996, 4,000 shares of Common
Stock of the Dwyer Group; on March 18, 1996, 14,000 shares of
Common Stock of the Dwyer Group; on March 28, 1996, 16,500
shares of Common Stock of the Dwyer Group; on April 1, 1996,
5,000 shares of Common Stock of the Dwyer Group; on May 13,
1996, 100,000 shares of Common Stock of the Dwyer Group; and on
May 15, 1996, 18,600 shares of Common Stock of the Dwyer Group.
The Filer has sole dispositive voting control over the
securities and votes these shares in accordance with the
recommendation made by its Investment Advisor.
ITEM 6. CONTRACTS, ARRANGEMENTS, OR UNDERSTANDINGS WITH RESPECT TO
SECURITIES OF THE ISSUER
As mentioned in the previous item, the Filer has entered into
Stock Purchase Agreements with both The Dwyer Group and the
Estate of Donald J. Dwyer, Deceased to purchase Common Stock
and has done so during the past thirty days. Pursuant to the
Stock Purchase Agreements, 370,000 shares of the Dwyer Group
have been delivered to the Filer. The stock purchase pursuant
to the Stock Purchase Agreement is covered by a Demand
Registration Rights Agreement. As mentioned previously, the
sole purpose for these purchases is as an investment in
accordance with the Filer's investment strategy.
ITEM 7. PERSONS RETAINED, EMPLOYED OR TO BE COMPENSATED
No person has been retained by the filer hereof or its
associates to, in any way, make solicitation or recommendation
the holders of the securities of the issuer to accept or reject
any tender offer.
ITEM 8. MATERIAL TO BE FILED AS EXHIBITS
Not applicable
I certify to the best of my knowledge and belief the information set forth
in this statement is true, complete and correct.
Date: January 20, 1997
Renaissance Capital Growth & Income Fund III, Inc.
By: Renaissance Capital Group, Inc.
Investment Advisor to the Filer
By: /s/ Vance M. Arnold
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Vance M. Arnold
Executive Vice President
