Authority Brands Expands Portfolio of Home Service Companies and Looks Ahead to a Successful 2023

Leading Home Service Franchise Group Achieved Strong Development in 2022, Acquiring Four New Home Service Brands and Experiencing a 15% Increase in System-Wide Revenue.

COLUMBIA, Md. — Authority Brands announced today that it achieved significant success in 2022, acquiring four strong home-service brands and experiencing a jump in year-over-year growth across its entire brand portfolio. With the addition of Woofie’s, DRYmedic Restoration Services, The Junkluggers, and Color World Painting, Authority Brands celebrated its fifth year in business by continuing to build a portfolio of brands that perfectly complement each other and are committed to being the best in their industry.

“At Authority Brands we firmly believe in supporting each franchisee’s growth. We offer unparalleled marketing programs and support, top-of-the-line technology in each brand’s respective industry; playbooks and formulas for operational and financial success and other resources aimed at driving strong returns for our franchisees. Our success in 2022 is a strong testament to these efforts,” said Craig Donaldson, Chief Executive Officer of Authority Brands. “Our team is looking forward to building on this incredible momentum as we venture through 2023. We have big plans that include looking for new opportunities that will expand our footprint with up-and-coming home service brands.”

Highlights of the success and milestones these brands achieved include:

• America’s Swimming Pool opened 12 new franchises and broke previous revenue records with 13% YoY growth
• Benjamin Franklin Plumbing opened 8 new franchises and broke previous revenue records with 8% YoY growth
• The Cleaning Authority opened 14 new franchises and broke previous revenue records with 16% YoY growth
• Color World Paining opened 10 new franchises and broke previous same store revenue records with 8% YoY growth
• Homewatch CareGivers opened 10 new franchises and broke previous revenue records with 10% YoY growth
• The Junkluggers opened 16 new franchises and broke previous revenue records with 14% YoY growth
• Mister Sparky opened 8 new franchises and broke previous revenue records with 21% YoY growth
• Monster Tree Service opened 6 new franchises and broke previous revenue records with 19% YoY growth
• Mosquito Squad opened 4 new franchises and broke previous revenue records with 13% YoY growth
• One Hour Heating & Air Conditioning opened 14 new franchises and broke previous revenue records with 16% YoY growth
• STOP Restoration broke previous revenue records with 16% YoY growth
• Woofie’s opened 10 new franchises and broke previous revenue records with 40% YoY growth

Combined, the Authority Brands franchise brands operate more than 2,000 locations with an expansive network of more than 1,000 franchise owners. Authority Brands’ family of franchise companies include leading home service brands America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Color World Painting, DoodyCalls, DRYmedic Restoration Services, Homewatch CareGivers, The Junkluggers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating & Air Conditioning, Screenmobile, STOP Restoration, and Woofie’s.

Authority Brands is looking to expand with qualified franchisees across the United States. To learn more about franchising opportunities within the Authority Brands portfolio, please visit: https://www.authoritybrands.com/franchising/.