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.
- Industry
- Professional Services
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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