Friday, July 25, 2014

Home News ServiceMaster Global files for IPO of about $100 million

ServiceMaster Global files for IPO of about $100 million

Industry News

The former TruGreen parent company is controlled by Clayton, Dubilier & Rice.

| March 25, 2014

ServiceMaster Global Holdings Inc, which owns Terminix pest control, filed with U.S. regulators on Monday to raise about $100 million in an initial public offering of common stock.

The company, controlled by private equity firm Clayton, Dubilier & Rice, provides residential and commercial services including lawn care, termite and pest control and home warranties.

Clayton, Dubilier & Rice, which holds about 66 percent stake in ServiceMaster, took the company private in a $4.7 billion deal, excluding debt, in July 2007.

ServiceMaster's businesses include American Home Shield warranties and the Merry Maids cleaning service, as well as drain cleaning and furniture repair operations.

For the rest of the story, click here.

Top news

Ford releases 2015 F-150

Truck boasts high performance, capabillity and efficiency.

LCIS partners up with The Harvest Group

The strategic alliance combines two consulting firms.

Design with deep roots

Barnes Nursery transitioned out of its wholesale nursery and is growing its retail design/build presence, while continuing its organics initiative.

Time-tested

DeVisser Landscape Services enhanced its reputation with the proven systems of a Weed Man franchise.

Tackling tough decisions

When the economy got rough, Barnes Nursery got smart and made the hard decisions that pulled it through.