service founded downers grove illinois usa 1929 incorporated 1947 headquarters memphis tennessee usa number of locations more than 7 000 company owned franchised and licensed locations key people marion e. wade founder robert j. gillette chief executive officer alan haughie cfo peter tosches svp for corporate communications revenue 2.59 billion 2015 number of employees 13 000 2015 website https www.servicemaster.com servicemaster global holdings inc. is a public fortune 1000 company that provides residential and commercial services . its headquarters are located in memphis tennessee after moving there from downers grove illinois in early 2007 . 1 brands operated by servicemaster include terminix american home shield servicemaster clean servicemaster restore merry maids amerispec and furniture medic . the core services of the company include termite and pest control home warranties disaster response and restoration janitorial service professional home cleaning furniture repair and home inspections . servicemaster has more than 7 000 company owned and franchise locations around the world . it has 13 000 corporate employees and a franchise network that independently employs over 33 000 additional people . on june 25 2014 servicemaster global holdings inc. the parent of the servicemaster company llc 2 announced that it had priced an initial public offering of 35 900 000 shares of common stock at 17.00 per share . the shares began trading on the new york stock exchange on june 25 2013 under the ticker symbol serv . the company continues to be majority owned by private equity firms clayton dubilier & rice stepstone group and ridgemont equity partners and jp morgan chase funding . contents 1 history 2 brands 3 buyout 4 american home shield 5 references 6 external links history edit 3 servicemaster was founded by marion e. wade a minor league baseball player as a moth proofing company in chicago illinois . it was incorporated in 1947 and expanded to franchised carpet cleaning in 1952 . citation needed its movement into business services makes it a large outsourcing company . in the 1980s the company experienced further expansion of the consumer segment of the business . during this time servicemaster built on its original franchise business to form a network of branch and franchise based service companies including terminix trugreen and merry maids and other category leading commercial and residential service brands including american home shield . in 2001 servicemaster divested its management services businesses to focus more on its residential and commercial business . servicemaster continuously trains all its employees to osha iicrc and cscu standards . 4 5 in july 2007 a group of equity sponsors led by clayton dubilier and rice inc. cd & r acquired servicemaster and took the company private . in the same year the company moved its headquarters from downers grove ill . to memphis tenn. to better enable the corporate staff to work with all of its business units . robert j. gillette was appointed chief executive officer in june 2013 . as of january 1 2014 trugreen is no longer a brand of servicemaster opting instead to remain a privately held company . in june 2016 servicemaster announced a relocation of their global headquarters from east memphis to peabody place in downtown memphis . completion is expected by the end of 2017 . 6 brands edit servicemaster restore established 2013 disaster restoration servicemaster clean established 1952 janitorial and carpet cleaning terminix founded 1927 acquired 1986 pest control american home shield founded 1971 acquired 1989 home warranty 7 furniture medic acquired 1996 furniture repair amerispec acquired 1996 home inspection merry maids acquired 1988 maid services rescue industries and american residential services now known as ars rescue rooter ri acquired acquired in 1998 ; ars acquired and merged with ri 1999 ; sold 2006 buyout edit in march 2007 servicemaster accepted a 5.5 billion buyout offer from the new york based private equity firm clayton dubilier & rice . cd & r is a nearly 30 year old private equity firm with a history of buying and selling companies . its purchases have included kinko s which it sold to fedex in 2004 for 2.4 billion and the hertz rental car business which it bought with two other firms for 15 billion in 2005 . citation needed american home shield edit american home shield though its wholly owned subsidiaries currently services more than 2 million customers across all 50 states and the district of columbia . citation needed the company administers home warranties for major home systems and appliances and works through a network of over 11 000 independent home service contractors the largest in the country . citation needed in 2013 american home shield received homewarrantyreviews.com s best in service award . 8 on july 24 2007 a lawsuit was filed against american home shield alleging that american home shield engaged in a pattern and practice of failing to fulfill its contractual obligation to its customers . in february 2008 american home shield announced a proposed settlement . 9 references edit the servicemaster company investor relations . corporate ir.net . retrieved 2012 07 07 . servicemaster global holdings inc. completes its initial public offering . servicemaster global holdings inc. servicemaster . corporate.servicemaster.com . retrieved 2012 07 07 . https www.osha.gov http www.iicrc.org servicemaster to relocate headquarters to downtown memphis . mediacenter.servicemaster.com . about ahs . american home shield . american home shield news . american home shield . 2014 01 . check date values in date help american home shield lawsuit . homewarrantyreviews.com . retrieved 2014 03 07 . external links edit servicemaster website terminix website american home shield website servicemaster clean website servicemaster restore website merry maids website amerispec website furniture medic website company timeline servicemaster goes private with buyout sec filings investor home retrieved from https en.wikipedia.org w index.php title servicemaster & oldid 740825945 categories business services companies of the united statescompanies based in memphis tennesseecompanies listed on the new york stock exchangecompanies established in 1929companies established in 1947franchises1947 establishments in illinoishidden categories cs1 errors datespages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from october 2008articles with unsourced statements from february 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 23 september 2016 at 14 51 . text is available under the creative commons attribution sharealike license ; 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