Following their investment in Premium Service Brands this spring, Susquehanna Private Capital made a minority investment in College HUNKS Hauling Junk & Moving and seeks to stand out from other PE firms.
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ServiceMaster Clean joins the Roark Capital portfolio as one of five brands acquired by the private equity firm in a deal for ServiceMaster Brands.
ServiceMaster, the umbrella franchisor of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and Amerispec, brings its more than 1,850 franchisees to Roark.
In January's Franchise Times, I wrote about black swan events and brand resilience. The pandemic has inflicted astonishing global economic damage and negatively impacted many facets of humanity. We have all settled into new routines, determined to persevere. This column is focused on franchise development. It's often an under-appreciated corporate function, yet vital to your brand's success. Deal flow has dried up at many brands and their franchise sales personnel have been laid off or furloughed. However, emerging trends reveal a new normal for development and the optimal path forward.
Private equity owners are showing why industry specialization is so important.
As its new CEO, Paul Damico will help Global Franchise Group acquire and launch franchising for new brands.
What's it like to start a new CEO gig during a pandemic? “Surreal, it's totally surreal,” says Paul Damico, whose first day on the job as CEO of Global Franchise Group was April 6.