Wednesday, April 01, 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

The paper trail

What do you do when an employee asks to be fired? Jason Cupp, former business owner and now growth consultant, shares HR horror stories and talks with editor Chuck Bowen about the importance of documentation.

Survey reveals latest landscape trends

ASLA found landscape architects expected native plants to have the highest consumer demand.

Ruppert Landscape promotes branch manager

The position is a direct result of a new branch opening in Washington, D.C.

Committed to quality

Generations of owners at Toms Creek Nursery & Landscaping have stayed true to their family roots.

Immigration and the green industry

Craig Regelbrugge shares his predictions for immigration reform and how it will affect the green industry.

x