Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering
About
ServiceMaster Global Holdings, Inc. (“ServiceMaster” or the “Company”) (NYSE: SERV), a portfolio company of Clayton, Dubilier & Rice, recently completed an initial public offering of 35,900,000 shares of common stock at a price of $17.00 per share, generating gross proceeds of $610.3 million. ServiceMaster intends to use the net proceeds from the offering to pay down debt and pay certain shareholders consulting termination fees.ServiceMaster is a leading provider of essential residential and commercial services, operating through an extensive service network of more than 7,000 company-owned, franchised and licensed locations. ServiceMaster serves approximately five million residential and commercial customers through an employee base of approximately 13,000 associates and a franchise network that independently employs approximately 33,000 people. The Company’s portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. ServiceMaster is headquartered in Memphis, Tennessee.
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- Date
- June 2014
- Company
- ServiceMaster Global Holdings, Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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