ServiceMaster completes TruGreen spin-off

January 15, 2014By

ServiceMaster completed the separation of its TruGreen business on Jan. 14, according to a filing with the U.S. Securities and Exchange Commission. Memphis, Tenn.-based ServiceMaster spun off assets and certain liabilities of TruGreen through a tax-free, pro rata dividend to private equity firm Clayton, Dubilier & Rice. The deal was first announced in November during the company’s third-quarter earnings call.... read more

TruGreen spin-off on hold

January 2, 2014By

The ServiceMaster Co. has delayed the spin-off of its TruGreen business, which was targeted to close Dec. 31. The company announced the temporary delay in a Securities and Exchange Commission filing earlier this week. “ServiceMaster is committed to the planned separation and spin-off of the TruGreen business as being in the best interests of all of its businesses,” the company... read more

Brackett resigns from TruGreen

October 15, 2012By

MEMPHIS, TENN.—SellMyGreenBusiness.com reports that, in a Securities & Exchange Commission filing on Oct. 12, Thomas G. Brackett, the president of ServiceMaster’s TruGreen segment, has resigned from the company, effective Oct. 9, 2012. ServiceMaster CEO Hank Mullany will serve as interim president of TruGreen until a new president is hired. LM will continue to update readers on this issue as details become... read more