American Residential Services

American Residential Services, LLC.
Industry Plumbing, HVAC
Founder C. Clifford Wright (co-founder)
Headquarters Memphis, Tennessee
Area served
 24 states and Washington, DC[2]
Key people
 Donald K. Karnes, CEO
David M. Slott, President/COO
Revenue 600 million (2010-2011)[2]
Number of employees
 5,000[3]

American Residential Services (ARS) is a United States network of plumbing,[4] 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.[5] The company is based in Memphis, Tennessee.

History

The name "Rescue Rooter" was trademarked in 1976 by the California based Rescue Industries Inc.[6] C. Clifford Wright co-founded American Residential Services.[7] The Servicemaster Company, based in Downers Grove, Illinois, purchased Rescue Industries. It then acquired Houston, Texas based ARS in 1999 for $92 million plus $180 million in assumed debt.[8] [9] 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 October 2006.

In 2015, ARS announced that it had acquired the Southern California-based air conditioning, heating, plumbing and electrical company, RighTime Home Services, and re-branded two of ARS' locations in Southern California as RighTime Home Services.[10]

Also, American Residential Services is the parent company to other service providers such as EAS ([11]).

Awards

Diamond Certified, 10th Consecutive Year (2004-2014)[12]

See also

References

  1. ↑ "ARS/Rescue Rooter 2009 REBRAND 100 Winners > notable". REBRAND. Retrieved 26 March 2014.
  2. 1 2 "American Residential Services Completes Two Acquisitions". businesswire.com. Business Wire. Retrieved 26 March 2014.
  3. ↑ "Company Overview of American Residential Services L.L.C.". .businessweek.com. Bloomberg. Retrieved 26 March 2014.
  4. ↑ Plumbing and PVC bending. Harrison Plumbing and Heating. 2014. Retrieved 26 March 2014.
  5. ↑ "Who We Are" page at ARS website
  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. ↑ Culloton, Dan (January 6, 1998). "Suburban firms get aggressive with mergers". newsbank.com. Daily Herald. Retrieved 26 March 2014.
  9. ↑ "COMPANY NEWS; SERVICEMASTER TO BUY TEXAS COMPANY FOR $92 MILLION". nytimes.com. New York Times. March 24, 1999. Retrieved 26 March 2014.
  10. ↑ "ARS® of Southern California Acquires RighTime® Home Services, Hires Seasoned HVAC Experts to Lead Team". RighTimeServices.com.
  11. ↑ Efficient Attic Systems
  12. ↑ http://www.diamondcertified.org/report/rescue-rooter-2

Further reading

External links

This article is issued from Wikipedia - version of the Monday, July 06, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.