MEMPHIS, Tenn.--(BUSINESS WIRE)--American Home Shield, the largest home warranty company in the nation, today announced the closing of its acquisition of HSA Home Warranty. Company officials announced in early November that a purchase agreement had been signed and were awaiting final regulatory approval to close the deal.
Leaders of both companies believe this new relationship will create important growth and expansion opportunities in the industry, as well as in each brand.
“This is an important development, not only for our two businesses but also for the entire home warranty industry. We are bringing together the power of these two great companies to grow the overall market by increasing awareness about the value that home warranties provide,” said Mark Barry, president of American Home Shield, a business unit of The ServiceMaster Company, LLC, one of the world’s largest residential and commercial service networks.
“We intend to leverage the power of each of these great brands to accelerate our pace of growth in strategic markets,” he said. “Like us, HSA Home Warranty is known for providing reliable, quality service to its customers, and for building strong relationships in the real estate community. This acquisition will allow each brand to build on its strengths, and at the same time, share best practices in a way that will allow us to more effectively reach – and serve – even more homeowners.”
Bob Lehmann, president and founder of HSA Home Warranty, will report to Barry and continue to lead the company from its headquarters in Madison, Wis., where it employs approximately 200 people and serves more than 125,000 customers.
“I’m incredibly proud of the legacy that HSA Home Warranty has built, and am excited about the opportunities that are ahead for our business,” said Lehmann. “We’re committed to continuing to provide our customers and our real estate clients with the outstanding service and value that they’ve come to know and expect from the HSA team. There’s a lot of synergy between our two companies, and I’m looking forward to working together in a way that will build an even stronger future for both brands.”
About American Home Shield
American Home Shield founded the home warranty industry in 1971 and remains the industry leader, servicing more than 1.3 million customers across 49 states and the District of Columbia. The Memphis-based company operates three customer service centers, employs approximately 1,800 employees and has a national contractor network made up of over 10,000 independent home-service contractors, including more than 45,000 service technicians. American Home Shield is a business unit of The ServiceMaster Company, LLC, one of the world’s largest residential and commercial service networks. The company’s brands include Terminix, American Home Shield, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.
About ServiceMaster
With a global network of more than 7,000 company-owned, franchise and licensed locations, Memphis-based The ServiceMaster Company, LLC, is one of the world’s largest residential and commercial service networks. The company’s high-profile brands are Terminix, American Home Shield, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. Through approximately 13,000 corporate associates and a franchise network that independently employs an estimated 31,000 additional people, the ServiceMaster family of brands provided services and products to approximately 5 million customers during the last 12 months. The company’s market-leading brands provide a range of residential and commercial services including termite and pest control; home warranties and preventative maintenance contracts; furniture repair; home inspections; home cleaning; janitorial services; and disaster restoration. Go to www.servicemaster.com for more information about ServiceMaster or follow the company at twitter.com/ServiceMaster or facebook.com/TheServiceMasterCo.
