Who owns SERVPRO now?

Who owns SERVPRO now?

In March 2019, the investment firm Blackstone acquired a majority stake in SERVPRO. True to its beginnings, it remains a family-owned business.

Is SERVPRO legit?

On the Better Business Bureau, SERVPRO is accredited with an A- rating and only one customer review.

What type of company is SERVPRO?

Servpro is a franchisor of fire and water cleanup and restoration franchises in the United States and Canada. The franchise system provides localized services as well as large-scale disaster recovery. It is headquartered in Gallatin, Tennessee.

How much does a SERVPRO franchise make?

Servpro Franchise Owners earn $41,000 annually, or $20 per hour, which is 38% lower than the national average for all Franchise Owners at $60,000 annually and 47% lower than the national salary average for ​all working Americans.

Where is SERVPRO headquarters located?

Gallatin, TNServpro / Headquarters

Is SERVPRO a public company?

Blackstone Group Inc. BX operates as a public company. Servpro is one of almost 100 companies that its private-equity funds own. Out of roughly $684 billion in assets under management, $224 billion sits in its private equity business.

How does SERVPRO remove mold?

Step 5: Removing Mold and Mold-Infested Materials SERVPRO uses antifungal and antimicrobial treatments to eliminate mold colonies and to help prevent new colonies from forming. Removing and disposing of mold-infested porous materials, like drywall and carpeting, may be necessary to remediate heavy mold growth.

Are Servicemaster and SERVPRO the same company?

ServiceMaster’s brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of ServiceMaster. Their current market cap is $5.40B. Servpro Industries’s brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of Servpro Industries….ServiceMaster vs Servpro Industries.

16% Promoters
13% Passive
71% Detractors

What is the largest restoration company?

Belfor Restoration Belfor is the largest restoration in the world with more than 7000+ employees. There are more than 100 Belfor locations in the country and they also operate an extensive fleet of restoration vehicles.

Are SERVPRO franchises profitable?

When considering that most successful businesses operate with an approximate profit margin of 20 percent, that 13 percent that ServPro takes out becomes huge. Eating into the profits of their franchisees who have already paid so much to be a part of their system seems like a greedy move.

Who is the CEO of SERVPRO?

Sue Steen (1995–)Servpro / CEO

Does Blackstone own SERVPRO?

Blackstone is acquiring a majority stake in SERVPRO as part of Blackstone’s Core Private Equity strategy, which is designed to hold investments for longer periods of time than traditional private equity.

Will mold come back after remediation?

If you don’t eliminate the original source of the moisture, mold will certainly come back, even after using bleach! One of the reasons is that even when you clean a surface with bleach, mold may still be lurking deep within the material in areas your cleaning may have missed.

Who is the biggest restoration company in the world?

Belfor Restoration Belfor is the largest restoration in the world with more than 7000+ employees.

What are the Top 5 Water Restoration franchise companies?

The 5 Top-Ranked Restoration Franchises You Can Start

  • Servpro. Entrepreneur Franchise 500 Rank: 27.
  • 911 Restoration. Entrepreneur Franchise 500 Rank: 44.
  • PuroClean. Entrepreneur Franchise 500 Rank: 121.
  • 1-800 Water Damage. Entrepreneur Franchise 500 Rank: 130.
  • Restoration 1. Entrepreneur Franchise 500 Rank: 167.

Who is the largest restoration company in the US?

How much is a SERVPRO franchise worth?

Servpro has the franchise fee of up to $49,000, with total initial investment range of $159,325 to $213,200….How much does Servpro franchise cost?

Name of Fee Low High
Initial Franchise Fee $49,000 $49,000 plus $539 per 1,000 population over maximum
Vehicle $2,000 $35,000

Who is Servpro ®?

Ted and Doris Isaacson sold the first SERVPRO franchise in 1969, SERVPRO ® has been dedicated to rebuilding and restoring hope and confidence in others.

Why choose a Servpro professional cleaning franchise?

So when the need arises for professional cleaning or emergency restoration services, SERVPRO Franchise Professionals have the training and expertise to help make it “Like it never even happened.” With over 1,700 Franchises nationwide, there’s a SERVPRO Professional nearby and ready to serve you. Our commercial services include the following:

What is Servpro doing to support military spouses?

In addition, SERVPRO HQ is actively involved in the Military Spouse Employment Partnership that connects military spouses with hundreds of partner employers who have committed to recruit, hire, promote and retain military spouses. We are also involved with the Employer Support of the Guard and Reserve (ESGR).