TL;DR
Authority Brands has acquired STOP Restoration, adding a 9th home services company to its portfolio. The acquisition brings the total number of franchise brands under Authority Brands to 9, with over 1,900 territories operated by more than 1,000 franchise owners in several countries.
- Mergers and Acquisitions :
Columbia, Maryland-based Authority Brands, LLC has acquired STOP Restoration, bringing the home services brand’s portfolio to 9 separate franchise brands. Authority Brands now includes America's Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating and Air Conditioning, and STOP Restoration.
“We’re thrilled to add STOP Restoration to the Authority Brands portfolio. Their commitment to customer service and professionalism make them a standout brand in the industry. We’re excited to be working with their experienced team and look forward to helping them grow their presence across the U.S.,” said Rob Weddle, CEO of Authority Brands.
This newest acquisition marks the seventh brand acquired by Authority Brands since October of 2018. Terms of the latest deal were not disclosed.
All 9 brands together combine to provide home services through more than 1,900 territories operated by more than 1,000 franchise owners in the U.S., Canada, Latin America, Kenya, and Indonesia.
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This story was originally published by Multi-Unit Franchisee in Franchising.com on November 10, 2020. Burnaze summarizes and links to the original reporting.
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