Former ServiceMaster executive, Albert Cantu, is joining the private equity investment firm, Waud Capital Partners (WCP), as an executive partner. Mr. Cantu will lead WCP’s investment strategy in the consumer services sector, according to Founder and Managing Partner, Reeve Waud.
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“We believe there is a tremendous opportunity to develop a portfolio of high performing consumer services companies, and there is no better executive to lead this than Albert Cantu. Albert is an industry pro. His twenty years of experience at all levels of the service industry will provide invaluable insight for our firm as we move to develop strong companies,” Waud said.
The new WCP initiative will be based in Memphis, where Cantu spent two decades as a highly successful executive with ServiceMaster. Cantu served as ServiceMaster Group Business President, managing four major business units, including American Residential Services, Merry Maids, ServiceMaster Clean and FurnitureMedic. He also served six years as President and Chief Operating Officer of Terminix, ServiceMaster’s pest control division.
“Our vision is to identify and acquire platform companies in the consumer services sector and then to build within those industries,” Cantu said. “We see a tremendous opportunity in the market and feel very confident about our business strategy. In particular, we will focus on the industries that I know best from my experience, such as pest control, lawn care, plumbing, heating and cooling, home warranties, maid service and other home service industries. I am looking forward to this challenge and to contributing to the firm’s continued growth.”
“Albert Cantu is very highly regarded for his management ability and the strategic vision he executed with ServiceMaster. He built very strong and high-performing consumer brands,” said Matt Clary, a WCP Partner.
Cantu currently serves on the board of trustees of Christian Brothers University, the advisory board of St. Jude Children’s Research Hospital and the University of Memphis Center for Economic Education. He has previously served on the board of directors of the Children’s Museum of Memphis, the Junior League of Memphis and the Catholic Charities of Memphis, as well as on the advisory board of the University of Tennessee Center for Health Sciences.