Dwaine was born in Toronto and cottaged in the Haliburton Highlands for many years. In his teens, Dwaine had a good friend die, and this was an introduction to a career in the Funeral Industry. Dwaine met his wife Lori in Gravenhurst, Ontario where she worked as a floral designer. In 1990, Dwaine and Lori purchased the Fawcett Funeral Home, "Bryant & Cameron Chapel," in Coboconk, Ontario.
Later that year, the Lloyds were in Haliburton for a funeral. Dwaine was amazed that there was no funeral home in the town of Haliburton and that families had to drive quite a distance to a neighbouring town for funeral services. The Lloyds teamed up with Bob and Clara Addison to locate a facility that could accomodate a funeral home, and located the property formerly known as the old Seawind Building. Extensive renovations were completed in 1991 and early 1992, and on May 14, 1992, they opened for business. In June 1995, Dwaine & Lori purchased full interest in the business from the Addisons.