ServiceMaster

Last updated
ServiceMaster Brands
Company type Private
Industry Service
FoundedSeptember 7, 1929 (1929-09-07)
in Chicago, Illinois, U.S.
FounderMarion E. Wade
Headquarters Atlanta, Georgia, U.S.
Number of locations
2,000+ [1]
Key people
Greg Weller (CEO) [1]
Anand Naimpally (CFO)
Revenue$2.59 billion (2015)
Owner Roark Capital Group
Number of employees
13,000 (2015)
Website servicemaster.com

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]

Contents

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, Merry Maids, and American Home Shield. [6] [ citation needed ] In 2001, ServiceMaster divested its management services businesses to focus more on its residential and commercial business.[ citation needed ][ clarification needed ]

A group of equity sponsors led by Clayton, Dubilier & Rice (CD&R) acquired ServiceMaster in July 2007 and took the company private. [7] In the same year, the company moved its headquarters from Downers Grove, Ill., to Memphis, Tenn.

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. [8] Robert J. Gillette was appointed chief executive officer in June 2013. [9]

As of January 1, 2014, TruGreen is no longer a brand of ServiceMaster, having instead become a separate privately held company. [10]

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. [11] 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 ]

ServiceMaster moved its global headquarters from East Memphis to Peabody Place in Downtown Memphis in June 2018. [12]

Nikhil Varty was appointed chief executive officer in July 2017. Varty stepped down in 2020. [13]

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. [14]

In 2020, Naren Gursahaney was appointed as chief executive officer. [13]

In October 2020, Roark Capital Group purchased ServiceMaster Brands. [2]

In August 2021, ServiceMaster Brands purchased Two Men and a Truck, a family-owned moving franchise. [15]

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

Brands


Amerispec is a franchisor which sells and supports residential and commercial inspection services franchisees throughout the United States and Canada. [16] [17] [18] 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. [19] 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. [20]

Related Research Articles

The True Value Company is an American wholesaler and Hardware store brand. The corporate headquarters are located in Chicago.

<span class="mw-page-title-main">Rentokil Initial</span> British business services company

Rentokil Initial is a British business services group based in Crawley, England. It was founded in 1925 as a pest-control business. It subsequently expanded and diversified, in part through growth under the leadership of Sir Clive Thompson in the 1980s and 1990s, and in part through the acquisition of BET plc in 1996, into a business delivering a wide range of facilities management services. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">Mail Boxes Etc.</span>

Mail Boxes Etc. (MBE) is an American-Italian third-party provider of shipping, fulfilment, printing, and marketing services through a network of franchised locations. MBE is an Italian family-owned holding company headquartered in Milan, Italy. It ranks among the world's largest networks of service centres, offering shipping, logistics, printing, marketing, and design services to both businesses and private customers.

<span class="mw-page-title-main">The Aaron's Company</span> American lease-to-own company

The Aaron's Company, Inc. is an American lease-to-own retailer. The company focuses on leases and retail sales of furniture, electronics, appliances, and computers. The company sells through the company-operated and franchised stores, e-commerce platform (Aarons.com)

<span class="mw-page-title-main">McAlister's Deli</span> American chain of fast casual restaurants

McAlister's Deli is an American chain of fast casual restaurants founded in 1989 in Oxford, Mississippi, by retired dentist Dr. Don Newcomb. There are currently over 500 locations in 29 states. The menu includes deli sandwiches, "giant spuds", soups, salads, and desserts, as well as catering items such as sandwich trays and boxed lunches. The chain is also known for its McAlister's Famous Sweet Tea, which is available by glass or gallon.

<span class="mw-page-title-main">Clayton, Dubilier & Rice</span> American private equity company

Clayton, Dubilier & Rice, LLC (CD&R) is an American private equity company. It is one of the oldest private equity investment firms in the world. Founded in 1978, CD&R has managed the investment of more than $30 billion in approximately 90 businesses, representing a broad range of industries with an aggregate transaction value in excess of $140 billion. Approximately half of CD&R's investments have involved corporate divestitures.

<span class="mw-page-title-main">Merry Maids</span>

Merry Maids is an international franchisor which sells and supports residential cleaning services franchises throughout the United States, Canada and the United Kingdom. Merry Maids was founded in 1979, and was acquired by ServiceMaster in 1988. In 2007, the company had 1,400 independently owned and operated franchises worldwide and over 8,000 employees.

<span class="mw-page-title-main">ServiceMaster Clean</span>

ServiceMaster Clean is a company that provides cleaning and disinfecting services in commercial, healthcare and religious facilities throughout the United States, Canada and ten other countries. As a franchised business, franchises provide both commercial and residential services.

Terminix International Company, L.P. is one of the largest pest control companies in the world, operating in 47 states in the United States and 70+ countries around the world. It is a subsidiary of UK-based Rentokil Initial.

American Residential Services (ARS) is a United States network of plumbing, and home and commercial heating and air conditioning (HVAC) businesses, operating under the trade name ARS/Rescue Rooter. The trade name came from the acquisition and merging of ARS and Rescue Rooter by their then-parent company ServiceMaster. They have locations in 24 states. The company is based in Memphis, Tennessee. The ARS mascots are Dandy and his sidekick Pronto.

<span class="mw-page-title-main">Mr. Rooter</span> American franchise-based company, founded 1970

Mr. Rooter is a plumbing and drain cleaning franchise in the United States and Canada. Franchisees provide plumbing services to residential, commercial and industrial customers. The president is Matt Kunz.

Allied Van Lines is an American moving company founded in 1928 as a cooperative non-profit organization owned by its member agents on the east coast of the United States, to help with organizing return loads and minimizing dead-heading. In 1968 it was reorganized as a standard public company, with shares. In 1999 it merged with its larger competitor, North American Van Lines, and the combined entity then came under the holding company Allied Worldwide. In 2002, Allied Worldwide was renamed SIRVA.

Located on the Mississippi River, the metropolitan area of Memphis is one of the largest in the Southeastern United States, ranking 42nd in the United States according to the 2010 census. The city has historically been one of the largest shipping hubs in the Mid-South, dating back to the Civil War, when the port was one of the largest on the Mississippi River and served as a shipping hub for the Confederacy.

<span class="mw-page-title-main">Fastway Couriers</span>

Fastway Couriers is a courier delivery services company founded in Napier, New Zealand. At the peak of its service, Fastway operated delivery services in New Zealand, Australia, Ireland and South Africa. The company currently operates in Ireland and South Africa.

Roark Capital Management, LLC, also known as Roark Capital Group or simply Roark Capital, is an American private equity firm with around $37 billion in assets under management. The firm is focused on leveraged buyout investments in middle-market companies, primarily in the franchise/multi-location, restaurant and food, health and wellness, and business services sectors. It is named for Howard Roark, the protagonist in Ayn Rand's novel The Fountainhead. The firm claims that its name is not meant to connote any particular political philosophy but instead signify the firm's admiration for the iconoclastic qualities of independence and self-assurance embodied by the central figure in The Fountainhead.

<span class="mw-page-title-main">Sky Cable Corporation</span> Telecommunications company in the Philippines

Sky Cable Corporation, doing business as Sky, is a Filipino telecommunications company based in Diliman, Quezon City. A subsidiary of the media conglomerate ABS-CBN Corporation, the company offers broadband, cable and satellite television services under the Sky Cable and Sky Direct brands. The company was founded on June 6, 1990 by Benpres Holdings Corporation as Central CATV, Inc.

Two Maids is an American cleaning franchise based in Birmingham, Alabama. The company was ranked #4 as a top job creator by Inc. in 2013. It is also an Inc. 5000 company, ranking both for Top 100 Alabama Companies and Top 100 Consumer Products & Services Companies.

American Home Shield Corporation is an American home warranty company based in Memphis, Tennessee. It administers home warranty contracts on major home systems and appliances.

TruGreen, originally known as ChemLawn and later as TruGreen ChemLawn, is the largest lawn treatment company in the United States. The company was founded in 1969 and provides lawn care and tree and shrub care treatments on a subscription basis. The treatments and services include weed killing, moss suppression, pesticides, aeration, overseeding, and fertilizing. The company does not offer lawn mowing service nor sod as a sellable service. Tree and shrub services as well as several insect control programs are offered by TruGreen. The TruGreen brand is also used for lawn services in Canada through a Mississauga, Ontario–based company named Greenlawn Ltd. that does business as TruGreen. The TruGreen brand, under Servicemaster is also used in the United Kingdom.

References

  1. 1 2 "About us". ServiceMaster. Retrieved 2021-04-07.
  2. 1 2 "Roark Capital Acquires ServiceMaster Brands". www.businesswire.com. 2020-10-01. Retrieved 2021-03-04.
  3. ↑ "The ServiceMaster Company Investor Relations". Corporate-ir.net. Retrieved 2012-07-07.
  4. ↑ "History". ServiceMaster. Retrieved June 17, 2017.
  5. ↑ "ServiceMaster". Corporate.servicemaster.com. Retrieved 2012-07-07.
  6. ↑ "SERVICEMASTER SWEEPS UP HOUSECLEANING SERVICE". Chicago Tribune. Retrieved 2022-05-28.
  7. ↑ 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.
  8. ↑ Dries, Bill (November 4, 2017). "Mullany Outlines Goals For ServiceMaster Brands". Memphis Daily News. Retrieved November 5, 2017.
  9. ↑ 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.
  10. ↑ "ServiceMaster slates TruGreen separation | Landscape Management". 2013-11-14. Retrieved 2024-10-25.
  11. ↑ "ServiceMaster Global Holdings, Inc. Completes Its Initial Public Offering". ServiceMaster Global Holdings, Inc.
  12. ↑ "ServiceMaster to Relocate Headquarters to Downtown Memphis". mediacenter.servicemaster.com.
  13. 1 2 "Nik Varty Steps Down as ServiceMaster CEO; New Terminix Residential President Named". pctonline.com. 3 February 2020. Retrieved 2024-10-25.
  14. ↑ "BRIEF-Servicemaster announces intention to spin off American Home Shield". Reuters. 2017-07-26. Retrieved 2022-04-25.
  15. ↑ 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.
  16. ↑ 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.
  17. ↑ 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.
  18. ↑ 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.
  19. ↑ Group, T.P.L.; Arden, L. (2010). 220 Best Franchises to Buy: The Essential Sourcebook for Evaluating the Best Franchise Opportunities. Crown Publishing Group. p. 363. ISBN   978-0-307-43211-7 . Retrieved November 5, 2017.{{cite book}}: |last1= has generic name (help)
  20. ↑ "ServiceMaster is one of area's largest private employers". archive.commercialappeal.com. April 30, 2016. Retrieved November 5, 2017.

AmeriSpec sources

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.