Thursday, March 26, 2015

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

Hour power

How Gothic Landscape tightened up its labor tracking and saved hundreds of thousands of dollars.

John Deere updates 3E Series

3032E and 3038E are the newest additions to the compact utility tractor line.

Bayer insecticide cleared in bee death

A three-year study found imidacloprid was not the sole cause of honeybee fatalities.

EPA registers new pesticide

Oxalic acid will target varroa mites, which are a threat to honeybee colonies.

Bayer CropScience welcomes Zachary Reicher, Ph.D.

The new Green Solutions Team Member joins Bayer from the University of Nebraska Lincoln.

x