ServiceMaster Global Holdings, Inc., is a publicly listed Fortune 1000 company that provides residential and commercial services. Its headquarters are located in Memphis, Tennessee after moving there from Downers Grove, Illinois in early 2007. ServiceMaster-operated brands include: Terminix, American Home Shield, ServiceMaster Clean, ServiceMaster Restore, Merry Maids, AmeriSpec and Furniture Medic. The company's core services include termites and pest control, home assurance, disaster response and recovery, janitorial services, professional house cleaning, furniture improvements, and home inspections.
ServiceMaster has more than 7,000 company-owned and franchised locations around the world. It has 13,000 company employees and a franchise network that independently employs over 33,000 additional people. In 2007, the company had approximately 5,500 locations.
Video ServiceMaster
Histori
ServiceMaster was founded by Marion E. Wade, a minor league baseball player, as a moth testing company in Chicago, Illinois. It was founded in 1947 and extended to the cleaning of the franchise carpet in 1952. Its movement into business services made it a large outsourcing company.
In the 1980s, the company experienced a further expansion of the business consumer segment. So far, ServiceMaster is built on its original franchise business to form a branch network and franchise-based service companies - including Terminix, TruGreen and Merry Maids - and other leading commercial and residential service brands, including American Home Shield. In 2001, ServiceMaster relinquished its management services business to focus more on its residential and commercial businesses.
A group of equity sponsors led by Clayton, Dubilier and Rice (CD & amp; R) acquired ServiceMaster in July 2007 and took private company. In the same year, the company moved its headquarters from Downers Grove, Ill., To Memphis, Tenn., To further enable the company's staff to work with all its business units. In 2011, Hank Mullany, former executive vice president of Walmart U.S. and president of North Walmart UART, was appointed CEO for all ServiceMaster brands. Robert J. Gillette was appointed chief executive officer in June 2013.
Since January 1, 2014, TruGreen is no longer a ServiceMaster brand, but chooses to remain a private company. It became part of Scotts Miracle-Gro in 2016.
ServiceMaster Global Holdings, Inc., parent of The ServiceMaster Company, LLC, announced on June 25, 2014 that the company has set an initial public offering price of 35,900,000 common shares at $ 17.00 per share. The stock started trading on the New York Stock Exchange on June 25, 2014 under ticker symbol SERV. The Company continues to be majority owned by private equity firm Clayton, Dubilier & amp; Rice, Stepstone Group and Ridgemont Equity Partners, and JPMorgan Chase Funding.
ServiceMaster announced the relocation of their global headquarters from East Memphis to Peabody Place in Downtown Memphis in June 2016. Completion is expected by the end of 2017.
Nikhil Varty was appointed chief executive officer in July 2017. In July, 26, 2017, ServiceMaster Global Holdings, Inc. (NYSE: SERV, $ 42.18, Market Capitalization: $ 5.7 billion) announced plans to separate American Home Shield business from its Terminix and Franchise Services Group into separate public companies.
Maps ServiceMaster
Brand
- ServiceMaster Restore (established 2013): disaster recovery
- Rescue Industries and American Residential Services, now known as ARS/Rescue Rooter: RI obtained in 1998; ARS obtained and joined RI 1999; sold 2006
- AmeriSpec (acquired 1996): home inspection
- Furniture Medic (acquired 1996): furniture repair
- Merry Maids (acquired 1988): a helper service
- Terminix (founded 1927, obtained 1986): pest control
- American Home Shield (founded 1971, obtained 1989): house warranty
- ServiceMaster Clean (founded in 1952): Clean room and carpet
AmeriSpec
Amerispec is the franchisor who sells and supports commercial and commercial inspection services throughout the United States and Canada. This is a subsidiary of ServiceMaster. The main services of the company are public home inspection, relocation inspection and commercial property inspection. AmeriSpec has about 300 independently owned and operated franchises in the United States and Canada. It is a subsidiary of The ServiceMaster Company, and was formerly a wholly owned subsidiary of American Home Shield, another ServiceMaster company.
History of AmeriSpec
- 1987 - AmeriSpec is incorporated in Orange County, California
- 1988 - starts providing home inspection franchise. Since its inception, the company has conducted more than 2 million quality home inspections.
- 1980 to 2000 - Further expansion of the Consumer Service Service Service The ServiceMaster establishes a service company network, headquartered in Memphis, Tennessee, including ServiceMaster Clean, Terminix, TruGreen, Merry Maids, American Home Shield, Medic Furniture, and AmeriSpec.
- Jan. 2007 - Having previously been a wholly owned subsidiary of American Home Shield, the company is sold to ServiceMaster Holding Company and placed under the leadership of other ServiceMaster's Service Channels.
Controversy
On July 24, 2007, a lawsuit was filed against the American Home Shield stating that "American Home Shield is involved in the pattern and practice of failing to fulfill its contractual obligations to its customers". In February 2008 American Home Shield announced the proposed settlement.
See also
- Disaster Kleenup International
References
AmeriSpec Source
- High School Law Review: South Methodist School Law School Publications . Southern Methodist University Law School. 2002. pp.Ã, 1100-1109 . Retrieved July 31, 2017 . Ã, (subscription required)
- Appeal, Georgia. Court (1994). Case Report Decided in Georgia State Court of Appeal . State Library. pp.Ã, 669-671 . Retrieved July 1, 2017 . (subscription required)
- Harrington, K.; Cohen, M.N. (1990). 100 of today's best leisure time opportunities . Wiley. pp.Ã, 11-12. ISBNÃ, 978-0-471-61133-2 . Retrieved July 31, 2017 . (subscription required)
Further reading
- Company Schedule
- ServiceMaster becomes private with purchase
- SEC Archiving
External links
Source of the article : Wikipedia
0 Comments