Roark Capital Acquires ServiceMaster Brands for $1.553 Billion

October 1, 2020

An affiliate of Roark Capital Management LLC has acquired ServiceMaster Brands from ServiceMaster Global Holdings for $1.553 billion. The transaction separates the franchised restoration and cleaning portfolio (ServiceMaster Brands) from the remaining business, which was renamed Terminix Global Holdings; Roark intends to leverage its franchising expertise to grow the platform, and Elane Stock will become CEO of ServiceMaster Brands.

Buyers
Roark Capital Management LLC (affiliate)
Targets
ServiceMaster Brands
Sellers
ServiceMaster Global Holdings, Inc.
Location
Tennessee, United States
Transaction Type
Buyout

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