American Home Shield Acquires Landmark Home Warranty
Acquisition of regional provider deepens AHS footprint in Southwest U.S.
American Home Shield, the largest home warranty company in the nation and a business unit of ServiceMaster (NYSE: SERV), today announced the acquisition of Landmark Home Warranty. The acquisition is a notable milestone in the ServiceMaster growth strategy and expands the company's home warranty footprint in Arizona, Idaho, Nevada, Oregon, Texas and Utah.
Based in Salt Lake City, Landmark has provided affordable and comprehensive home warranties to customers since 2004. The company was named to the Inc. 5000 List of America's Fastest-Growing Private Companies in 2013, 2014 and 2015; and holds high marks from HomeWarrantyReviews.com, Consumer Affairs and the Better Business Bureau.
"Landmark has accomplished remarkable growth and success offering comprehensive and reputable home warranties," said Tim Haynes, president of American Home Shield. "This, along with its customer-focused mindset, strong employee culture and entrepreneurial drive, makes Landmark a perfect fit for American Home Shield and ServiceMaster."
"We are thrilled about the tremendous opportunity ahead," said Alma Jeppson, founder and CEO of Landmark. "We are a culture-driven company, and our deep commitment to delivering remarkable service and caring for our Landmark family have been the cornerstones of our success. American Home Shield and ServiceMaster have also demonstrated the same high standards for employees and commitment to customers."
Landmark will maintain its current management team, name and branding, and continue to offer the same high-quality home warranties. The company has more than 200 employees, most of whom are located at the company's headquarters and customer service center in the Salt Lake City suburb of South Jordan, Utah.
It is the second acquisition this year by American Home Shield and continues the ServiceMaster growth strategy. Jason Bailey, vice president of business development and acquisitions for ServiceMaster, notes that ServiceMaster continually searches for companies with respected brands, a legacy of quality service and strong customer relationships.
About American Home Shield
American Home Shield founded the home warranty industry in 1971 and remains the industry leader. American Home Shield, together with its wholly-owned subsidiaries, services 1.6 million customers in all 50 states. The companies operate four customer service centers, employ approximately 1,800 employees and have a national service contractor network made up of over 11,000 independent home service contractors and more than 45,000 service technicians. American Home Shield is a business unit of ServiceMaster Global Holdings, Inc. (NYSE: SERV), one of the world's largest residential and commercial service networks. Go to www.ahs.com for more information about American Home Shield or follow the company online at facebook.com/team.ahs or twitter.com/ahs_warranty.
ServiceMaster (NYSE: SERV) solves the homeowner's dilemma. Every day, we visit more than 75,000 homes and businesses through our extensive service network of expert professionals. Technology powers our trusted experts to engage with customers so they can order, buy and receive services when, where and how they want them. Our well-recognized brands include American Home Shield (home warranties), AmeriSpec (home inspections), Furniture Medic (furniture repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster Restore (disaster restoration) and Terminix (termite and pest control). Like, follow or visit us at facebook.com/ServiceMaster, linkedin.com/ServiceMaster, twitter.com/ServiceMaster or servicemaster.com.
About Landmark Home Warranty
Landmark Home Warranty is a leading regional home warranty company, founded in 2004, and committed to providing comprehensive and dependable home warranty services in Arizona, Idaho, Nevada, Oregon, Texas and Utah. Coverage includes repairs and replacements of home comfort systems, appliances, interior electrical, and plumbing. Landmark Home Warranty was named one of the "5000 fastest growing companies" in 2014, 2014 and 2015 by Inc. Magazine and is a privately held company with more than 200 employees based in Salt Lake City, Utah. For more information, please visit www.landmarkhw.com.