American Residential Services
| Industry | Plumbing, HVAC |
|---|---|
| Founder(s) | C. Clifford Wright (co-founder) |
| Headquarters | Memphis, Tennessee |
| Area served | 24 states and Washington, DC[1] |
| Key people | Donald K. Karnes, CEO David M. Slott, President/COO |
| Revenue | 600 million (2010-2011)[2] |
| Employees | 5,000[3] |
American Residential Services (ARS) is a United States network of plumbing, and home and commercial heating and air conditioning (HVAC) businesses, operating under the trade name ARS/Rescue Rooter.[4] The trade name came from the acquisition and merging of ARS and Rescue Rooter by their then parent company Servicemaster. They have locations in 24 states.[5] The company is based in Memphis, Tennessee.
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[edit] History
The name "Rescue Rooter" was trademarked in 1976 by the California based Rescue Industries Inc.[7] C. Clifford Wright co-founded American Residential Services.[8] The Servicemaster Company, based in Downers Grove, Illinois, purchased Rescue Industries. It then acquired Houston, Texas based ARS in 1999 for $92 million plus $180 million in assumed debt.[9][10] ARS/Rescue Rooter was then acquired from ServiceMaster by two private equity firms, Caxton-Iseman Capital and Royal Palm Capital Partners, for $100 million in October 2006.
Also, American Residential Services is the parent company to other service providers such as EAS ([11]).
[edit] See also
- Roto Rooter, a well known competing plumbing company
[edit] References
- "ServiceMaster finds buyer for American Residential Services". Memphis Business Journal (American City Business Journals, Inc). October 3, 2006. Retrieved 2009-03-25.
- "Caxton-Iseman Capital and Royal Palm Capital Partners Acquire American Residential Services from ServiceMaster". FinanzNachrichten.de. October 3, 2006. Retrieved 2009-03-25.
[edit] External links
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