TAG: spin-off

TruGreen will acquire again in 2015

March 10, 2014By

TruGreen President David Alexander gave a glimpse of how the company plans to make a turnaround after spinning off from ServiceMaster when he spoke with the Memphis Business Journal last week. Here are some points Alexander revealed in the interview: • TruGreen will spend most of this year focusing on improving internal operations. • The decision to use Terminix’s operating... read more

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