Secret Site Map
Monday, November 24, 2014

Home News ServiceMaster Global Files for IPO of About $100 Million

ServiceMaster Global Files for IPO of About $100 Million

Business Strategy

Terminix's parent company filed with U.S. regulators last week to raise about $100 million in an initial public offering of common stock.

| March 25, 2014

ServiceMaster Global Holdings Inc, which owns Terminix pest control, filed with U.S. regulators on Monday to raise about $100 million in an initial public offering of common stock, Reuters reported.

The company, controlled by private equity firm Clayton, Dubilier & Rice, provides residential and commercial services including lawn care, termite and pest control and home warranties.

Clayton, Dubilier & Rice, which holds about 66 percent stake in ServiceMaster, took the company private in a $4.7 billion deal, excluding debt, in July 2007.

ServiceMaster's businesses include American Home Shield warranties and the Merry Maids cleaning service, as well as drain cleaning and furniture repair operations.

The Memphis, Tennessee-based company told the U.S Securities and Exchange Commission in a preliminary prospectus that JPMorgan, Credit Suisse, Goldman Sachs and Morgan Stanley were underwriting the IPO. (r.reuters.com/xaj87v)

The company said it intends to list its common stock under the symbol "SERV" but did not specify the exchange.
The filing did not reveal how many shares the company planned to sell or their expected price.

Click here to read the entire article.

Source: Reuters

 

Top news

Bed Bugs Can Transmit Parasite that Causes Chagas Disease

A new study from Penn Medicine researchers in the Center for Clinical Epidemiology and Biostatistics demonstrated that bed bugs, like the triatomines, can transmit Trypanosoma cruzi, the parasite that causes Chagas disease.

Allergy Technologies Offers Free Liner Trial Program to PMPs

The program enables pest management professionals (PMPs) to evaluate ActiveGuard Mattress Liners in real world applications.

PCO Caldwell in Country Gospel Music Video

Ronnie Caldwell, president of Innovative Pest Management, Denver, N.C., is one of the stars of the new Bruce Hedrick video 'A Better Man.'

Mosquito-Borne Chikungunya Detected in Mexico

The country has detected its first domestic case of the painful mosquito-borne viral disease chikungunya in the southwest of the country, the state government of Chiapas said on Saturday.

New Liphatech Technical Bulletin Details Rodent Control in Schools

The company’s latest Technical Bulletin provides an in-depth description of variables to consider when developing integrated pest management (IPM) programs in school settings.

x