Cleaning & Restoration Breaking News

ServiceMaster Subsidiary Acquires Terminix Franchise

Downers Grove, Ill. (Business Wire) -- ServiceMaster’s Terminix subsidiary has acquired the assets of Allied Bruce Terminix Companies, Inc., the largest Terminix franchise according to the company. With 76 locations in eight states and estimated 2000 revenues of over $66 million, the Allied Bruce Terminix franchise is the fourth largest pest control company in America.

Under the terms of the transaction, the seller will receive an equity interest in the Terminix subsidiary, which is exchangeable into 8 million ServiceMaster Company (SVM) shares. ServiceMaster does not expect the acquisition to have a material impact on its 2001 earnings per share.

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