New Master Franchise in Lithuania is Business Model for Expansion in Baltic States
ST. LOUIS--(BUSINESS WIRE)--Stratus Building Solutions, the St. Louis-based franchisor of branded building service and maintenance operations in the U.S. and Canada, has established a footprint for growth in Europe by awarding a new Master Franchise in Kaunas, Lithuania, that nation's second-largest city.
CEO Dennis Jarrett said, "The Kaunas Master Franchise will serve as a business model for Stratus Building Solutions' franchise expansion into other Baltic states and in Europe as we continue to expand operations across the U.S. and Canada. This milestone complements our initiative to grow Stratus Building Solutions internationally."
Pete Frese, President, said, "Many of our franchisees in the U.S. are of Eastern European descent who are achieving the American Dream of successful business ownership. This expansion is a good fit for our company."
Viktoras Jasinskas, a Lithuanian native, is owner/operator of the new Master Franchise. Jasinskas will offer building services and maintenance licenses under the Stratus Building Solutions brand throughout Kaunas, which was founded in the 10th century.
Jasinskas said, "I am extremely proud to introduce Stratus Building Solutions in Eastern Europe to help create jobs and boost the economy while providing essential maintenance services to building owners and managers in Kaunas. This is an opportunity to help people participate in Eastern Europe's economic recovery."
Jasinskas, 34, studied building engineering at the University of Klaipeda in Lithuania before moving to Chicago, Illinois, in 1996 where he established successful graphic design and multimedia marketing businesses. He will live in Kaunas with his wife Violeta and daughter Nika to operate the new Master Franchise.
Stratus Building Solutions is the fastest-growing international brand in the building services and maintenance franchise industry. Founded in 2004, the company currently has U.S. operations in 21 states and established Stratus Building Solutions of Canada in May 2009 to serve all ten provinces in that nation. The firm offers 16 plans providing state-of-the-art "environmentally green" cleaning systems, products and marketing support. In January 2009, the firm won four "top ten" spots in Entrepreneur magazine's 30th Annual Franchise 500® ranking.