ServiceMaster

From Wikipedia, the free encyclopedia

Template:Short description

Page Module:Message box/ambox.css has no content.

Page Module:Infobox/styles.css has no content.Page Template:Infobox company/styles.css has no content.

ServiceMaster Brands
Company type
Private
ISINScript error: No such module "WikidataIB".
IndustryScript error: No such module "WikidataIB".
PredecessorScript error: No such module "WikidataIB".
IncorporatedScript error: No such module "WikidataIB".
FoundedScript error: No such module "WikidataIB".
FounderScript error: No such module "WikidataIB".
DefunctScript error: No such module "WikidataIB".
SuccessorScript error: No such module "WikidataIB".
HeadquartersAtlanta, Georgia, U.S.
Number of locations
2,000+[1]
Key people
Greg Weller (CEO)[1]
Anand Naimpally (CFO)
RevenueScript error: No such module "WikidataIB".
Script error: No such module "WikidataIB".
Script error: No such module "WikidataIB".
Total assetsScript error: No such module "WikidataIB".
OwnerRoark Capital Group
Number of employees
Script error: No such module "WikidataIB".
Websiteservicemaster.com

Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for deprecated parameters".

ServiceMaster Brands is an American privately held company owned by Roark Capital Group that provides residential and commercial services.[2] Its headquarters are located in Atlanta, Georgia, after moving there in 2020 from Memphis, Tennessee.[3]

Brands operated by ServiceMaster include ServiceMaster Clean, ServiceMaster Restore, Merry Maids, Two Men and a Truck, Indoor Science and Aftermath Services. The core services of the company are disaster response and restoration, janitorial services, professional home cleaning and Bio Hazard Cleaning.

ServiceMaster has more than 7,000 company-owned and franchise locations around the world. It has 13,000 corporate employees and a franchise network that independently employs over 33,000 additional people.[citation needed]

History

ServiceMaster was founded in 1929 by Marion E. Wade, a minor league baseball player, as a moth-proofing company in Chicago, Illinois. It was incorporated in 1947 and expanded to franchised carpet cleaning in 1952.[4] Its movement into business services makes it a large outsourcing company.[5]

In the 1980s, the company acquired several branch and franchise-based service companies, including Terminix, TruGreen (1991),[6] Merry Maids (1988),[7] and American Home Shield (1989).[8]

A group of equity sponsors led by Clayton, Dubilier & Rice (CD&R) acquired ServiceMaster in July 2007 and took the company private.[9]

In 2011, Hank Mullany, former executive vice president of Walmart U.S. and president of northern U.S. Walmart, was appointed as CEO for all ServiceMaster brands.[10] Robert J. Gillette was appointed chief executive officer in June 2013.[11]

As of January 1, 2014, TruGreen is no longer a brand of ServiceMaster, having instead become a separate privately held company.[12]

ServiceMaster Global Holdings, Inc., then the parent of ServiceMaster Brands, announced on June 25, 2014, that it had priced an initial public offering of 35,900,000 shares of common stock at $17.00 per share.[13] The shares began trading on the New York Stock Exchange on June 25, 2014, under the ticker symbol SERV. The company continues to be majority-owned by private equity firms Clayton, Dubilier & Rice, StepStone Group and Ridgemont Equity Partners, and JPMorgan Chase Funding.[citation needed]

Nikhil Varty was appointed chief executive officer in July 2017. Varty stepped down in 2020.[14]

On July 26, 2017, ServiceMaster Global Holdings, Inc. announced a plan to spin off its American Home Shield business from its Terminix and Franchise Services Group into a separate publicly traded company.[15]

In 2020, Naren Gursahaney was appointed as chief executive officer,[14] later that year, Roark Capital Group purchased ServiceMaster Brands.[2]

In August 2021, ServiceMaster Brands purchased Two Men and a Truck, a family-owned moving franchise.[16] As part of the sale, ServiceMaster Brands agreed to make charitable contributions to the nonprofits supported by Two Men and a Truck over the years.[16]

In April 2022, ServiceMaster Brands purchased Aftermath Services, a privately owned trauma & biohazard cleanup company.

Acquisitions

ServiceMaster Clean (established 1952): Janitorial and carpet cleaning

Terminix (founded 1927, acquired 1986, separation 2020): pest control; divested from Terminix Global holdings October 2020

Merry Maids (acquired 1988): maid services

American Home Shield (acquired 1989); spun off in 2018

Furniture Medic (acquired 1996): furniture repair

Rescue Industries and American Residential Services, now known as ARS/Rescue Rooter: RI acquired in 1998; ARS acquired and merged with RI 1999; sold 2006

ServiceMaster Restore (established 2013): disaster restoration

AmandaSpec (acquired 2007): home inspection

Two Men and a Truck (acquired 2021)

Aftermath Services (established 1996, acquired 2022): trauma & biohazard cleaning

Indoor Science (acquired 2022)

ServiceMaster Brands sold Furniture Medic and AmeriSpec to Eagle Merchant Partners in April 2023.[17]

Amerispec is a franchisor which sells and supports residential and commercial inspection services franchisees throughout the United States and Canada.[18][19][20] The company's main services are general home inspection, relocation inspections and commercial property inspections. AmeriSpec has around 300 independently owned and operated franchises in the United States and Canada.[21] In January 2007, after previously being a wholly owned subsidiary of American Home Shield, the company was sold to the ServiceMaster Holding Company and was placed under the leadership of the other ServiceMaster Brands.[22]

References

Page Template:Reflist/styles.css has no content.

  1. ^ a b Page Module:Citation/CS1/styles.css has no content."About us". ServiceMaster. Retrieved 2021-04-07.
  2. ^ a b Page Module:Citation/CS1/styles.css has no content."Roark Capital Acquires ServiceMaster Brands". www.businesswire.com. 2020-10-01. Retrieved 2021-03-04.
  3. ^ Page Module:Citation/CS1/styles.css has no content."The ServiceMaster Company Investor Relations". Corporate-ir.net. Retrieved 2012-07-07.
  4. ^ Page Module:Citation/CS1/styles.css has no content."History". ServiceMaster. Retrieved June 17, 2017.
  5. ^ Page Module:Citation/CS1/styles.css has no content."ServiceMaster". Corporate.servicemaster.com. Retrieved 2012-07-07.
  6. ^ Page Module:Citation/CS1/styles.css has no content.Staff (2014-03-07). "TruGreen Ready for Life on its Own". Turf Magazine. Retrieved 2025-02-12.
  7. ^ Page Module:Citation/CS1/styles.css has no content."SERVICEMASTER SWEEPS UP HOUSECLEANING SERVICE". Chicago Tribune. Retrieved 2022-05-28.
  8. ^ Page Module:Citation/CS1/styles.css has no content.Tribune, Chicago (1989-04-06). "SERVICEMASTER TO BUY AMERICAN HOME". Chicago Tribune. Retrieved 2025-02-12.
  9. ^ Page Module:Citation/CS1/styles.css has no content.Orol, R.D. (2008). Extreme Value Hedging: How Activist Hedge Fund Managers Are Taking on the World. Wiley. p. 233. ISBN 978-0-470-19891-9. Retrieved November 5, 2017.
  10. ^ Page Module:Citation/CS1/styles.css has no content.Dries, Bill (November 4, 2017). "Mullany Outlines Goals For ServiceMaster Brands". Memphis Daily News. Retrieved November 5, 2017.
  11. ^ Page Module:Citation/CS1/styles.css has no content.ServiceMaster (June 18, 2013). "ServiceMaster Appoints Robert J. Gillette As New Chief Executive Officer". PRWeb. Archived from the original on July 2, 2018. Retrieved 2017-12-18.
  12. ^ Page Module:Citation/CS1/styles.css has no content."ServiceMaster slates TruGreen separation | Landscape Management". 2013-11-14. Retrieved 2024-10-25.
  13. ^ Page Module:Citation/CS1/styles.css has no content."ServiceMaster Global Holdings, Inc. Completes Its Initial Public Offering". ServiceMaster Global Holdings, Inc.
  14. ^ a b Page Module:Citation/CS1/styles.css has no content."Nik Varty Steps Down as ServiceMaster CEO; New Terminix Residential President Named". pctonline.com. 3 February 2020. Retrieved 2024-10-25.
  15. ^ Page Module:Citation/CS1/styles.css has no content."BRIEF-Servicemaster announces intention to spin off American Home Shield". Reuters. 2017-07-26. Retrieved 2022-04-25.
  16. ^ a b Page Module:Citation/CS1/styles.css has no content.Lyons, Craig. "Family-owned Two Men and a Truck, founded and headquartered in Lansing, sold to Atlanta firm". Lansing State Journal. Retrieved 2021-09-14.
  17. ^ Page Module:Citation/CS1/styles.css has no content."Eagle Continues Franchised Services Strategy". peprofessional.com. Retrieved 2025-03-19.
  18. ^ Page Module:Citation/CS1/styles.css has no content.Plunkett, J.W. (2007). Plunkett's Real Estate & Construction Industry Almanac 2007: Real Estate & Construction Industry Market Research, Statistics, Trends & Leading Compani. Plunkett's Real Estate & Construction Industry Almanac. Plunkett Research Limited. p. 479. ISBN 978-1-59392-071-5. Retrieved November 5, 2017.
  19. ^ Page Module:Citation/CS1/styles.css has no content.SMU Law Review: A Publication of Southern Methodist University School of Law. Southern Methodist University School of Law. 2002. pp. 1100, 1108–1109. Retrieved November 5, 2017.
  20. ^ Page Module:Citation/CS1/styles.css has no content.Klarfeld, P.J. (2003). Covenants Against Competition in Franchise Agreements. Hein's ABA Archive Microfiche Collection. Forum on Franchising, American Bar Association. p. 415. ISBN 978-1-59031-114-1. Retrieved November 5, 2017.
  21. ^ Page Module:Citation/CS1/styles.css has no content.220 Best Franchises to Buy: The Essential Sourcebook for Evaluating the Best Franchise Opportunities. Crown Publishing Group. 2010. p. 363. ISBN 978-0-307-43211-7. Retrieved November 5, 2017.
  22. ^ Page Module:Citation/CS1/styles.css has no content."ServiceMaster is one of area's largest private employers". archive.commercialappeal.com. April 30, 2016. Retrieved November 5, 2017.

AmeriSpec sources

Lua error in package.lua at line 80: module 'Module:Authority control/config' not found.

Retrieved from "http://cosmopedia.co/index.php?title=ServiceMaster&oldid=1974095"