ICS Magazine

Rug Doctor is Sold

November 13, 2007

PLANO, Texas, Nov. 5 /PRNewswire/ -- Rug Doctor, maker of the world's most popular brand of carpet cleaning rental machines, announced that American Capital Strategies Ltd of Bethesda, Maryland has made a majority investment in the company. Rug Doctor utilized the expertise and services of Houlihan Lokey and Phil Roman and company to navigate and facilitate the sales process.

"Rug Doctor has pioneered the expansion of the steam cleaning machine rental market with the development of its professional-grade products and sophisticated nationwide servicing model," said Jeff MacDowell, American Capital Managing Director. "The Company's success is supported by an attractive product offering of effective, affordable and easy to use carpet care and cleaning equipment and products and strong and long-standing relationships with the leading grocery, mass and Do-It-Yourself retailers."

In 2006, Rug Doctor was recognized by the Carpet and Rug Institute (CRI) and awarded its prestigious Gold standard as the only consumer-operated system to pass their rigorous standards in removing dirt particles from carpet fibers. The CRI testing standards were originally developed by NASA scientists in measuring dust particles from returning Space Shuttle flights.

Leading carpet manufacturers are also beginning to recognize this standard. Tim Wall, president and CEO of Rug Doctor, LP adds, "The CRI Gold standard has never been awarded to any other do-it-yourself cleaning system. In fact, if consumers are cleaning their carpets with something other than a Rug Doctor, they may actually void the warranty from their carpet manufacturer. Rug Doctor is proud to maintain the highest standards in carpet cleaning, ranking even higher than many professional carpet cleaning systems."

Steve Wahl, Vice President of Marketing for Rug Doctor, LP, also promises, "Together with the resources of American Capital, we believe the Rug Doctor brand will continue to grow both domestically and overseas. This is great news for consumers, as we continue the vision of our founder, Roger Kent -- to put the power of the professional in the hands of the consumer. Both with our innovative equipment design and with our expanding line of powerful cleaning products, Rug Doctor makes everyone a professional!"

Rug Doctor is located in Plano, Texas and currently has over 700 employees worldwide.