American Residential Services

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. 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.[4] The company is based in Memphis, Tennessee.[5] The ARS mascots are Dandy and his sidekick Pronto.[4]

American Residential Services, LLC
IndustryPlumbing, HVAC
FounderC. Clifford Wright (co-founder)
Headquarters
Area served
24 states and Washington, DC[1]
Key people
Donald K. Karnes, CEO
David M. Slott, President/COO
Revenue600 million (2010-2011)[1]
Number of employees
5,000[2][3]
Websitewww.ars.com

History

ARS was established in 1975. The name "Rescue Rooter" was trademarked in 1976 by the California-based Rescue Industries Inc.[6] It was a family-owned West Coast plumbing and drain cleaning company.[7] In 1996, ARS was founded to consolidate local and regional HVAC service companies. Shortly after, The Servicemaster Company, based in Downers Grove, Illinois, acquired both Rescue Rooter and ARS, in 1998 and 1999 respectively, and brought them together under the "ARS/Service Express" brand. The company eventually dropped the "Service Express brand and the parent brand was known primarily as “ARS/Rescue Rooter.” In 1998 the company had around 5,000 employees.[2]

In October 2006, 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 May 2014, ARS was acquired by Charlesbank Capital Partners from Caxton-Iseman Capital and Royal Palm Capital Partners.[8]

References

  1. "American Residential Services Completes Two Acquisitions". businesswire.com. Business Wire. Retrieved 26 March 2014.
  2. World business directory. Gale Research Inc. 1998. p. 4428. Retrieved December 9, 2017.
  3. "Company Overview of American Residential Services L.L.C." .businessweek.com. Bloomberg. Retrieved 26 March 2014.
  4. "History - About Us - ARS/Rescue Rooter". www.ars.com. Retrieved 9 December 2017.
  5. Corporate Yellow Book: Who's who at the Leading Listed U.S. Companies. Monitor Publishing Company. 2008. Retrieved December 9, 2017.
  6. "Rescue rooter name trademarked by Rescue Industries". The Desert News. October 25, 1978. Retrieved 26 March 2014.
  7. "herc products inc (HERC:OTC US) - C. Clifford Wright Jr". businessweek.com. Bloomberg. Retrieved 26 March 2014.
  8. "Caxton-Iseman Capital and Royal Palm Capital Partners Acquire American Residential Services from ServiceMaster | Business Wire". www.businesswire.com. Retrieved 2016-12-20.

Further reading

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.