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ServiceMaster Clean Franchise News

Browse the latest corporate news from ServiceMaster Clean.

ServiceMaster Global Holdings, Inc. Completes Its Initial Public Offering »

July 02, 2014 at 4:35AM PDT | Source: ServiceMaster Clean

MEMPHIS, Tenn. - July 1, 2014 /PRNewswire/ - ServiceMaster Global Holdings, Inc., a leading provider of essential residential and commercial services, today announced the closing of its previously announced initial public offering of common stock at $17 a share. The shares began trading June 26 on the New York Stock Exchange under the ticker symbol SERV.
The underwriters for the initial public offering have exercised in full their option to purchase from the company an additional 5,385,000 shares of common stock. As a result, the company sold a total of 41,285,000 shares of common stock in the initial public offering.
The company will use the net proceeds of the offering (i) to redeem (a) $210 million of the outstanding principal of the 8% senior notes due 2020 issued by its subsidiary, The ServiceMaster Company, LLC ("SvM"), at a redemption price equal to 108% of the principal amount thereof, plus accrued interest and (b) $262...

ServiceMaster By Cornerstone In Memphis Launches Mobile App »

June 27, 2014 at 4:33AM PDT | Source: ServiceMaster Clean

Memphis, TN (PRWEB) June 27, 2014 - One of a homeowner's worst nightmares is waking up to a flood or fire happening in your home and realizing that you need immediate help to contain the damage. ServiceMaster by Cornerstone, a ServiceMaster franchise based out of Memphis, TN, has recently launched a brand new mobile app to increase their response time to fire and water damage emergencies. This app is ideal for helping property managers, facility management, insurance adjusters, homeowners, and business owners connect directly to them for emergency assistance.
About the ServiceMaster by Cornerstone Mobile App
ServiceMaster by Cornerstone's new mobile app which was designed and built by Proceed Innovative features four sections; Emergency Service, Non Emergencies, What to Know, and About Us...

ServiceMaster Global Holdings, Inc. Prices Initial Public Offering Of Common Stock »

June 26, 2014 at 5:14AM PDT | Source: ServiceMaster Clean

MEMPHIS, Tenn. - June 25, 2014 /PRNewswire/ - ServiceMaster Global Holdings, Inc., a leading provider of essential residential and commercial services, today announced that it has priced an initial public offering of 35,900,000 shares of common stock at $17 a share. The shares are expected to begin trading on the New York Stock Exchange tomorrow under the ticker symbol SERV.
The company has granted the underwriters a 30-day option to purchase up to an additional 5,385,000 shares of common stock.
The company intends to use the net proceeds of the offering (i) to redeem (a) $210 million of the outstanding principal of the 8% senior notes due 2020 issued by its subsidiary, The ServiceMaster Company, LLC ("SvM"), at a redemption price equal to 108% of the principal amount thereof, plus accrued interest and (b) $262...

ServiceMaster Global Holdings, Inc. Announces Launch Of Initial Public Offering Of Common Stock »

June 16, 2014 at 4:27AM PDT | Source: ServiceMaster Clean

June 16, 2014 // Franchising.com // MEMPHIS, TENN - ServiceMaster Global Holdings, Inc., a leading provider of essential residential and commercial services, today announced that it has commenced an initial public offering of 35,900,000 shares of common stock pursuant to a registration statement on Form S-1, as amended, filed with the U.S. Securities and Exchange Commission (SEC). The initial public offering price is currently expected to be between $18.00 and $21.00 per share of common stock, after giving effect to the two-for-three reverse stock split that became effective on June 13, 2014. The company has granted the underwriters a 30-day option to purchase up to an additional 5,385,000 shares of common stock.
The company intends to use the net proceeds of the offering after fees and expenses (i) to redeem (a) $210 million of the outstanding principal of the 8% senior notes due 2020 issued by its subsidiary, The ServiceMaster Company, LLC (SvM), at a redemption price equal to 108% of the principal amount thereof, plus accrued interest and (b) $262...

ServiceMaster Professional Services Launches A New Custom Website »

May 29, 2014 at 4:31AM PDT | Source: ServiceMaster Clean

Minneapolis, MN (PRWEB) May 29, 2014 - ServiceMaster Professional Services, a ServiceMaster franchise that services the Minneapolis and St. Paul areas, has recently launched a new custom website. This new website will provide a place for their potential clients to get information about their franchise as well as the services they provide and it will also increase their online presence and visibility to attract more leads that can ultimately increase their business volume. The launch of this new custom website is part of their internet marketing strategy with the SEO and internet marketing firm Proceed Innovative to increase their online visibility and outreach.
ServiceMaster Professional Service’s new website was designed and built by Proceed Innovative and is a vast improvement over their previous website...

The ServiceMaster Company, LLC Reports Preliminary First-Quarter 2014 Financial Results »

May 05, 2014 at 4:33AM PDT | Source: ServiceMaster Clean


Revenue increased 4 percent to $533 million, with growth in each segment
Loss from continuing operations of $18 million included a $48 million ($29 million net of tax) non-cash impairment charge related to the decision to abandon the deployment of a new operating system
Adjusted income from continuing operations(1) increased $5 million to $11 million
Adjusted EBITDA(2) increased 12 percent to $115 million

MEMPHIS, Tenn. - May 2, 2014 /PRNewswire/ - The ServiceMaster Company, LLC,a leading provider of essential residential and commercial services, today announced preliminary unaudited first-quarter 2014 results. The company reported first-quarter 2014 revenue of $533 million, an increase of approximately 4 percent compared to the same period in 2013...

ServiceMaster® Franchisees Form AAFD Chapter »

April 22, 2014 at 4:14AM PDT | Source: ServiceMaster Clean

ServiceMaster Franchisee Owners’ Association To Provide Unified Voice
April 22, 2014 // Franchising.com // SAN DIEGO – In an effort to provide franchisees with a proactive voice, ServiceMaster® franchisees have formed a franchisee owners association as a chapter of the American Association of Franchisees and Dealers (AAFD). The association, known as the ServiceMaster Franchisee Owners’ Association (SMFOA), will work to develop stronger relationships with customers, foster a collaborative and productive relationship with ServiceMaster management, and protect each franchisee’s business equity.
Longtime ServiceMaster franchisee, Jerry Winkley is the Chairman of the association’s steering committee until elections to adopt bylaws and elect an inaugural board of directors are completed in the next few weeks...

ServiceMaster Global Holdings, Inc. Files Registration Statement For Initial Public Offering Of Common Stock »

March 25, 2014 at 4:22AM PDT | Source: ServiceMaster Clean

March 25, 2014 // Franchising.com // Memphis, Tenn. - ServiceMaster Global Holdings, Inc., the indirect parent of The ServiceMaster Company, LLC, announced that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The company expects to use the net proceeds from the proposed offering primarily to repay indebtedness. The offering of common stock will be made only by means of a prospectus.
J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are serving as joint book-running managers and as representatives of the underwriters for the offering.
When available, copies of the preliminary prospectus relating to the offering may be obtained from J...

The ServiceMaster Company, LLC Reports Preliminary Fourth-Quarter And Full-Year 2013 Financial Results »

February 27, 2014 at 4:43AM PST | Source: ServiceMaster Clean

Fourth-Quarter 2013

Revenue increased 6% to $713 million
Pre-tax net loss of $23 million; 11% decline versus prior year
Adjusted EBITDA(1) increased 9% to $90 million

Full-Year 2013

Revenue of $3.2 billion was flat to prior year; 8% revenue decline at TruGreen offset 4% growth in remaining businesses
Pre-tax net loss of $627 million included $673 million of non-cash goodwill and trade name impairment charges related to TruGreen in second-quarter 2013
Adjusted EBITDA decreased $95 million to $476 million; $127 million decline at TruGreen more than offset growth in the remaining businesses
Company completed the spin-off of the TruGreen business from the ServiceMaster portfolio on January 14, 2014

February 27, 2014 // Franchising...

The ServiceMaster Company, LLC To Announce Preliminary Fourth-Quarter And Full-Year 2013 Results »

February 21, 2014 at 5:41AM PST | Source: ServiceMaster Clean

February 21, 2014 // Franchising.com // MEMPHIS, TENN. - The ServiceMaster Company, LLC, one of the world’s largest residential and commercial service networks, will release its preliminary unaudited fourth-quarter and full-year 2013 financial results on Thursday, February 27. Additionally, the company will hold a conference call to discuss its financial and operating results Thursday, February 27 at 8 a.m. central time.
The company invites all interested parties to join Chief Executive Officer Rob Gillette and Chief Financial Officer Alan Haughie as they provide an update on the company’s operating results and strategic initiatives. Participants may join this conference call by dialing 800.732.5617 (or international participants, 212...

As Freezing Temperatures Continue To Grip The Nation, Home And Business Owners Contend With Frozen Pipes, Flooding, Potential Nightmare »

January 24, 2014 at 4:12AM PST | Source: ServiceMaster Clean

ServiceMaster Restore disaster experts fielding record number of calls and mobilizing quickly to help homes and businesses recover from expensive water damage.
January 24, 2014 // Franchising.com // MEMPHIS, Tenn. – Following the massive polar vortex and sub-freezing temperatures that have engulfed much of the country this month, homeowners and businesses are contending with one of winter’s most costly and damaging exercises: fixing the damage caused by frozen pipes. Also, with a large amount of snow in some portions of the Northeast and Midwest, isolated melt-related flooding could also accompany any pipe-related issues.
Just as the polar vortex has been an unprecedented storm, the need for qualified service professionals to help clean up related damage has exceeded all previous catastrophic weather events, because it is impacting such a huge part of the country...

ServiceMaster Names Susan Hunsberger SVP Human Resources »

December 19, 2013 at 5:21AM PST | Source: ServiceMaster Clean

Multi-Industry Executive Brings Broad, Global Experience
Memphis, Tenn. (PRWEB) December 18, 2013 - The ServiceMaster Company, one of the world’s largest residential and commercial service networks, announced today Susan Hunsberger has been named senior vice president of human resources. She will report to ServiceMaster Chief Executive Officer Robert Gillette.
Hunsberger joins ServiceMaster from Connecticut-based Nielsen, a $5.4 billion global information and measurement company with leading market positions in marketing and consumer information, television and other media measurement, online intelligence and mobile measurement. Hunsberger served as senior vice president, human resources, for the global business solutions (GBS) group of Nielsen, and supported Nielsen’s transition from a private to a public company...

ServiceMaster Promotes Tim Haynes To Chief Information Officer »

December 03, 2013 at 4:23AM PST | Source: ServiceMaster Clean

New Executive Appointment Brings Broad Technology Experience
Memphis, Tenn. (PRWEB) December 02, 2013 - The ServiceMaster Company, one of the world’s largest residential and commercial service networks, announced today that Tim Haynes has been promoted to senior vice president and CIO, effective immediately. He will report to ServiceMaster Chief Executive Officer Robert Gillette.
Haynes joined ServiceMaster in 2012 as vice president and IT business partner for the American Home Shield, ServiceMaster Clean and Merry Maids units of ServiceMaster, as well as IT leader for commercial initiatives. Prior to joining ServiceMaster, Tim served as the general manager IT for global sales finance for Nissan Motor Limited and lead infrastructure services group for Nissan Americas...

ServiceMaster Recognizes Outstanding Franchise Owners During International Convention »

November 21, 2013 at 4:57AM PST | Source: ServiceMaster Clean

Joe and Ruth Steffens Awarded the Marion E. Wade Master Award of Honor
MEMPHIS, Tenn. - Nov. 20, 2013 /PRNewswire/ - ServiceMaster Clean and ServiceMaster Restore, two of the industry's leading cleaning franchises for more than 60 years, announced the recognition of more than 50 outstanding franchise owners at their recent international convention held in St. Louis, Mo. The highest honor of the year was given to franchisees Joe and Ruth Steffens of Denver, Colo., who received the Marion E. Wade Master Award of Honor. More than 1,000 ServiceMaster franchise owners from North America and Canada attended the four-day event.
"Honoring all of our franchisees is the highlight of our annual convention and we are so proud to acknowledge the growth of today's business leaders," said Tom Coba, president of ServiceMaster Clean...

ServiceMaster Recognizes Denver Franchisees With Highest Company Honor »

November 18, 2013 at 11:23AM PST | Source: ServiceMaster Clean

MEMPHIS, Tenn. - Nov. 18, 2013 /PRNewswire/ - ServiceMaster Clean recently awarded its Marion E. Wade Master Award of Honor to Joe and Ruth Steffens of Denver, Colo., owners of ServiceMaster Cleaning and Restoration Services, during its international convention in St. Louis, Mo. The award, named after the founder of ServiceMaster, is given each year to the top franchisee among more than 4,000 independent business owners who embodies the company's values and goes above and beyond the call of duty to provide customers with best in service.
"We never take for granted the fact that people welcome us into their homes and businesses and it's an honor to be recognized at the national level," said Joe Steffens. "We owe our success to our team of dedicated people and to our loyal customers...

The ServiceMaster Company Reports Preliminary Third-Quarter 2013 Financial Results »

November 14, 2013 at 9:09AM PST | Source: ServiceMaster Clean

- Operating revenue increased 3 percent to $929 million
- Net income of $46 million compared to net loss of $704 million a year ago
- Stable Operating Performance1 of $169 million
- Company announces plans to separate the TruGreen business from the ServiceMaster portfolio on or about December 31, 2013
MEMPHIS, Tenn. - Nov. 14, 2013 /PRNewswire/ - The ServiceMaster Company, one of the world's largest residential and commercial service networks, today announced preliminary unaudited third-quarter 2013 results, including operating revenue of $929 million, an increase of approximately 3 percent compared to the same period in 2012. The increase in revenue was primarily attributable to a strong performance at Terminix versus the prior year period and revenue stabilization at TruGreen...

The ServiceMaster Company To Announce Third-Quarter 2013 Results »

November 08, 2013 at 9:32AM PST | Source: ServiceMaster Clean

Conference Call with Investors Scheduled November 14
Memphis, Tenn. (PRWEB) November 08, 2013 - The ServiceMaster Company, one of the world’s largest residential and commercial service networks, will release its preliminary unaudited third-quarter 2013 financial results on Thursday, November 14. Additionally, the company will hold a conference call to discuss its financial and operating results Thursday, Nov. 14 at 3 p.m. CT.
The company invites all interested parties to join Chief Executive Officer Rob Gillette, Chief Financial Officer Alan Haughie and TruGreen President David Alexander as they provide an update on the company’s operating results and strategic initiatives. Participants may join this conference call by dialing 800...

ServiceMaster Announces Phoenix Franchise Owner As Honorary Starter For ServiceMaster 200 »

November 07, 2013 at 11:47AM PST | Source: ServiceMaster Clean

Phoenix, AZ - November 07, 2013 - (PR.com) - As recognition for ServiceMaster franchise owner Jeff Jackson’s dedication to the Phoenix area, ServiceMaster Clean and ServiceMaster Restore have appointed him as the honorary starter for Saturday’s ServiceMaster 200 at Phoenix International Raceway. The local franchise owner will wave the green flag at the beginning of the 200-lap event, signaling the start of the race.
"It’s a tremendous opportunity to be named honorary starter," Jackson said. "On behalf of ServiceMaster franchise owners around the country, I am excited to represent them with this honor. I can’t imagine how it will feel being in the flag stand when the cars roar by on that first lap."
"Jeff’s dedication to ServiceMaster and the local community make him the perfect representative of our brand for the ServiceMaster 200," said Tom Coba, president of ServiceMaster Clean and ServiceMaster Restore...

ServiceMaster To Recognize First Responders During The ServiceMaster 200 At Phoenix International Raceway »

November 05, 2013 at 9:08AM PST | Source: ServiceMaster Clean

ServiceMaster to Recognize First Responders during the ServiceMaster 200 at Phoenix International Raceway
November 05, 2013 // Franchising.com // MEMPHIS, TN – ServiceMaster Clean and ServiceMaster Restore will recognize first responders at the ServiceMaster 200 at Phoenix International Raceway (PIR).
As the race entitlement sponsor of the Nov. 9 NASCAR Nationwide Series race, ServiceMaster will honor the Prescott Firefighter’s Charities and the National Fallen Firefighters Foundation. Each worthy charity will receive a $10,000 donation to directly benefit the families of the 19 firefighters who were tragically killed in the line of duty June 30 in Yarnell, Ariz. The check presentation will take place during the ServiceMaster 200 opening ceremonies...

ServiceMaster Names Bill Derwin As Terminix President »

November 05, 2013 at 5:24AM PST | Source: ServiceMaster Clean

Technology Executive Brings Track Record of Driving Growth
Memphis, TN (PRWEB) November 04, 2013 - The ServiceMaster Company, one of the world’s largest residential and commercial service networks, announced today that Bill Derwin will join the company as president of Terminix, effective November 11. He will report to ServiceMaster Chief Executive Officer Robert Gillette.
Derwin joins Memphis-based ServiceMaster from the Otis Elevator division of United Technologies Corporation, a $57 billion-dollar company which provides a broad range of high technology products and support services to the aerospace and building systems industries. The company’s other divisions include Pratt & Whitney and Sikorsky.
"One of my top priorities since joining ServiceMaster has been filling key positions on my executive team with performance-driven leaders who bring a passion to win every day," said Gillette...

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