American Home Shield Acquires OneGuard Home Warranties
Move Demonstrates Commitment to Growth and Market Expansion
American Home Shield, the largest home warranty company in the nation and a business unit of ServiceMaster Global Holdings, Inc. (NYSE: SERV), today announced an important strategic expansion with the acquisition of OneGuard Home Warranties. The acquisition is an important milestone in the ServiceMaster growth strategy and expands the company's footprint in three highly competitive and important states: Texas, Arizona and Nevada.
Based in Phoenix, OneGuard has provided unique, high-quality home warranties and value-added services to customers since 1990. The company was named to the Inc. 5000 list of America's Fastest-Growing Private Companies in 2015 and just this month, was named to azcentral.com's 2016 list of Top Companies to Work for in Arizona.
"OneGuard has a very unique position in the marketplace, offering a broad range of services that meet a variety of homeowner needs, even beyond those served by a traditional home warranty," said Tim Haynes, president of American Home Shield. "This, along with its strong record of growth and entrepreneurial, customer-focused mindset, makes OneGuard a perfect fit with American Home Shield and ServiceMaster."
"We are excited about where we are today and the opportunities that are ahead," said Scott Smith, CEO of OneGuard. "We're a performance-driven company, and our core values have been a cornerstone of our success: service before self, a focus on solutions and above all, a positive team mentality. American Home Shield and ServiceMaster have the same high standards and commitments to employees and customers alike."
OneGuard will continue to be in-market with its current brand identity and product offerings, and its leadership team remains in place. It has approximately 125 employees, most of whom are located at the company's headquarters and customer service center in Phoenix.
Jason Bailey, vice president of mergers and acquisitions for ServiceMaster, noted that acquisitions were an important tenet of the company's growth strategy and that the company continually searches for those with respected brands, a legacy of quality service and strong customer relationships.
It is the first American Home Shield acquisition since acquiring HSA Home Warranty, based in Madison, Wisc., in 2014. The acquisition continues the ServiceMaster growth strategy of organic growth, new services and acquisitions. In the past 12 months, ServiceMaster has also acquired the assets of other well-known residential and commercial services companies in North America that have been folded into its Terminix termite and pest control businesses, including Alterra, Catseye Pest Control, and Capelouto Termite and Pest Control.
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 OneGuard Home Warranties
Founded in 1990, OneGuard Home Warranties serves more than 50,000 homeowners in Arizona and Texas, providing repair and replacement services for major household system components and appliances, as well as a variety of other home maintenance services that are not typically covered by home warranty companies. For more information, visit oneguardhomewarranty.com.