ServiceMaster OpCo Holdings LLC

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ServiceMaster OpCo Holdings LLC - overview

Established

1929

Location

Atlanta, GA, US

Primary Industry

Business Support Services

About

ServiceMaster Brands, based in the US, provides essential residential and commercial cleaning, restoration, and maintenance services, ensuring comprehensive solutions for a diverse clientele. Founded in 1929 and headquartered in Atlanta, US, ServiceMaster Brands specializes in cleaning and restoration services. In September 2020, Roark Capital Group acquired ServiceMaster Brands Franchise Business from The Terminix International Company Limited Partnership for USD 1. 553 bn, finalizing the deal in October 2020.


The company primarily operates through franchising, creating a broad network of service providers. ServiceMaster Brands offers a diverse range of needs-based services primarily focused on residential and commercial cleaning, restoration, and maintenance. Their core product offerings include disaster restoration services through ServiceMaster Restore®, comprehensive commercial cleaning via ServiceMaster Clean®, and specialized recovery management through ServiceMaster Recovery Management®. Additional services extend to home cleaning provided by Merry Maids®, moving assistance through TWO MEN AND A TRUCK®, and waste management solutions under TWO MEN AND A JUNK TRUCK®.


The company serves a vast clientele, including individual homeowners, businesses, and commercial facilities, addressing various needs such as water and fire damage restoration, routine cleaning, and property maintenance. ServiceMaster operates across 50 states and nine countries, specifically targeting markets in North America, parts of Europe, and select regions in Asia, ensuring that their services are accessible to a broad spectrum of customers. ServiceMaster Brands generates over USD 3. 6 bn in system-wide sales, reflecting a robust transaction structure that includes both direct-to-consumer and B2B service offerings.


The company typically engages with clients through franchise agreements, allowing for localized service delivery while maintaining a uniform standard across its brands. Transactions generally involve service contracts for specific needs such as emergency restoration after disasters or regular maintenance agreements for commercial cleaning services. Clients can expect tailored pricing plans based on the services required, with flagship offerings like ServiceMaster Restore® and Merry Maids® being central to their revenue model. Each franchisee operates under these brands, providing a consistent and reliable service to consumers and businesses alike, thereby solidifying ServiceMaster's presence in the needs-based services industry.


With the completion of the acquisition by Roark Capital Group in October 2020, ServiceMaster Brands aims to leverage this investment to enhance its service offerings and expand its market presence. Future initiatives include the launch of additional specialized services designed for commercial clients, anticipated to roll out in late 2023. The company is also considering expansion into new geographic areas across Europe and Asia, with targeted efforts to enter specific markets by 2025. Recent funding will support the development of innovative service solutions and the establishment of new franchise locations, further solidifying their operational footprint.


Current Investors

Roark Capital Group

Primary Industry

Business Support Services

Sub Industries

Facilities & Maintenance Services, Home Repair Services

Website

www.servicemaster.com/

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

ServiceMaster OpCo Holdings LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Corporate Carve Out, Secondary BuyoutCompletedServiceMaster of Tacoma-
Add-onCompletedTWO MEN AND A TRUCK®/INTERNATIONAL, Inc. -
BuyoutCompletedServiceMaster OpCo Holdings LLC-
Spin-OffCompletedTruGreen LawnCare-

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