swimming pool repair and maintenance

19 12, 2022

Authority Brands Acquires The Junkluggers

2022-12-19T09:56:02-05:00December 19th, 2022|Tags: , , , , , , , , , , , , , , , |

COLUMBIA, Md. — Authority Brands announced today the purchase of The Junkluggers. Terms of the transaction were not disclosed.

The Junkluggers is an eco-friendly junk removal franchise focused on customer service and bettering the environment in communities around the country. Founded by Josh Cohen in 2004, The Junkluggers made it their mission to disrupt the junk removal industry by instituting sustainable practices to divert waste from landfills through recycling, donations to charities, and innovative concepts like Remix Market, a secondhand marketplace. The Junkluggers has franchise owners operating across 350 territories with over 90 locations spread across the United States.

Companies under the Authority Brands umbrella 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, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating & Air Conditioning, STOP Restoration and Woofie’s. They operate across multiple home service sectors. Authority Brands supports individual franchise owner growth by providing strong marketing, technology and operational tools and resources.

“The Junkluggers is a natural fit to our ever-expanding Authority Brands portfolio of home service brands,” said Craig Donaldson, CEO of Authority Brands. “As we celebrate Authority Brands’ 5th anniversary, we look forward to the coming years of continued growth and success, much of which is made possible by our strategic acquisitions and our partnership with mission-driven brands that align with our core values. We are excited to welcome The Junkluggers to our family of brands and support them as they continue their upward growth trajectory and expand their franchise business.”

“As we continue to broaden our Authority Brands portfolio, our team hones in on brands and entrepreneurs that are driven to succeed. The Junkluggers’ dedication to their customers and the environment makes them a key partner for our Authority Brands family and we are looking forward to supporting their success through the many resources we provide,” said Ashish Karandikar, Board of Directors member of Authority Brands’ parent company and Partner at Apax.

“The Junkluggers was created to not only help customers get rid of unwanted items, but to promote green practices in every community we operate in and with each piece of junk we lug,” said Josh Cohen, Founder and CEO of The Junkluggers. “Our new partnership with the Authority Brands network will power our mission and allow us the support and resources to expand our client network without sacrificing our passion for sustainability and customer service that have been the cornerstone to our success. I can’t wait to see what the future holds as my team and I continue to be involved and committed to the company.”

Boxwood Partners LLC represented The Junkluggers and acted as their exclusive financial advisor for the transaction.

About Authority Brands 

Headquartered in Columbia, Maryland, Authority Brands’ companies include 12 leading home service franchisors: America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Color World Painting, DoodyCalls, DRYmedic Restoration Services, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating & Air Conditioning, STOP Restoration, and Woofie’s. Together, these brands provide home services through more than 1,900 territories operated by more than 1,000 franchise owners. Authority Brands is dedicated to supporting individual franchise owner growth by providing strong marketing, technology, and operational support. See www.authoritybrands.com for more information.

2 12, 2022

Authority Brands Promotes Franchise Industry Leader Heather McLeod to Chief Growth Officer

2022-12-02T10:58:18-05:00December 2nd, 2022|Tags: , , , , , , , , , , , , , , |

In her new role, McLeod will oversee both marketing and franchise development growth strategies for the entire home-services system.

COLUMBIA, Md.Authority Brands, a premier home service franchisor in North America, announced the promotion of vital team member Heather McLeod from Chief Marketing Officer to Chief Growth Officer, effective immediately. In the newly created position, McLeod will be responsible for leading growth strategies within the company including marketing and franchise development initiatives.

Heading into another chapter of planned expansion, the Authority Brands executive team carved out this new position specifically aimed at managing growth within the marketing channel and identifying new business development opportunities. Serving as Chief Marketing Officer since 2017, Heather McLeod was tapped for the newly developed role. With a proven track record of success and a strong history in the marketing and development space, McLeod initially joined the Authority Brands family from The Dwyer Group (now Neighborly) and has built an impressive career in the franchise space based on empowering her teams to be successful through scalable and supportive systems and processes.

“Since her first day with the company Heather has played an integral role in growing our Authority Brands profile. Her diligence and strong work ethic have played a large part in our overall success in the last five years,” said Craig Donaldson, CEO of Authority Brands. “As we celebrate the official mark of half a decade in business with unprecedented success in the industry, I am confident that Heather is the perfect person to continue to propel our business forward as we expand and continue to diversify our home services portfolio. Her unique approach to team leadership and vast knowledge of the franchising industry inspires confidence as we look forward to many more years of success with her at the helm of our growth division.”

McLeod joined Authority Brands’ The Cleaning Authority in 2015 and became a vital part of the formation of the Authority Brands family of industry-leading home service brands, largely due to her focus on customer experience, rigorous attention to process detail, and passion for team collaboration.

McLeod founded the Howard County, Maryland chapter of IFA’s Women’s Franchise Network in 2020 and is an active member of the IFA Marketing & Innovation Committee. She also sits on the Board of Directors of the Boys & Girls Clubs of Metropolitan Baltimore and serves on the University of Louisville College of Business YUM! CGFE Board of Advisors. She received her Certified Franchise Executive designation in 2016 and her Master’s in Business Administration from Baylor University in 2010.

Authority Brands currently has 12 home services franchisors which encompasses more than 1,000 franchise owners nationwide, with plans for more in the near future. In her new role, McLeod will focus on growth strategies and implementation for the companies within Authority Brands’ impressive portfolio including America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Color World Painting, DoodyCalls, DRYmedic Restoration Services, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating & Air Conditioning, STOP Restoration, and Woofie’s. Authority Brands supports individual franchisee growth by providing strong marketing, technology and operational tools and resources.

To learn more about Authority Brands’ companies and the executive team, please visit https://www.authoritybrands.com/.

About Authority Brands

Headquartered in Columbia, Maryland, Authority Brands’ companies include 12 leading home service franchisors: America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Color World Painting, DoodyCalls, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating & Air Conditioning, STOP Restoration, and Woofie’s. Together, these brands provide home services through more than 1,900 territories operated by more than 1,000 franchise owners. Authority Brands is dedicated to supporting individual franchise owner growth by providing strong marketing, technology, and operational support. See www.authoritybrands.com for more information.

15 11, 2022

Authority Brands Acquires DRYmedic Restoration Services

2022-11-15T10:39:42-05:00November 15th, 2022|Tags: , , , , , , , , , , , , , , |

COLUMBIA, Md. — Authority Brands announced today the purchase of DRYmedic Restoration Services. Terms of the transaction were not disclosed.

Founded by Carlos Hesano and Benjamin Gergis in 2014, DRYmedic helps bring families and businesses back to life after disaster. What started as a family business with one truck has grown to serve the Detroit, Michigan region with over 40 trucks, providing a full range of disaster restoration services that take clients from cleanup to complete recovery from fire, flood, storm, mold and asbestos.

Companies under the Authority Brands umbrella include leading home service brands America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Color World Painting, DoodyCalls, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating & Air Conditioning, STOP Restoration and Woofie’s. They operate across swimming pool repair and maintenance, plumbing, the residential cleaning, indoor and outdoor painting, pet waste removal, at-home care, electrical and heating, tree care, pest control services, ventilation and air-conditioning (“HVAC”), restoration sectors, and grooming and pet services, respectively. Authority Brands supports individual franchisee growth by providing strong marketing, technology and operational tools and resources.

“DRYmedic is the perfect addition to the Authority Brands portfolio, complementing the suite of professional home services our brands provide,” said Craig Donaldson, CEO of Authority Brands. “This year marks Authority Brands’ 5th anniversary and over that time, we have achieved impressive growth, responding to the increased demand for home services by expanding our portfolio with thoughtful concepts that benefit owners and clientele alike. We are thrilled to support DRYmedic as their business expands and provide resources to help the company achieve their growth goals.”

“When considering new brands to join the Authority Brands family, we look for entrepreneurs who have a clear vision for the future of their company. DRYmedic has achieved a lot on its own, and now with the support of our system they are primed to grow exponentially. We look forward to DRYmedic scaling with the resources Authority Brands can provide,” said Ashish Karandikar, Board of Directors member of Authority Brands’ parent company and Partner at Apax.

“We created DRYmedic to fill a need – the need to bring our community top-quality, professional restoration and disaster cleanup services. Now that we are joining forces with the Authority Brands network, our company will have the right resources and support to continue serving our clients while expanding our reach and ability to help more people,” said Carlos Hesano, Founder and CEO of DRYmedic.

Greenwich Capital Group represented DRYmedic and acted as their exclusive financial advisor for the transaction.

About Authority Brands

Headquartered in Columbia, Maryland, Authority Brands’ companies include 12 leading home service franchisors: America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Color World Painting, DoodyCalls, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating & Air Conditioning, STOP Restoration, and Woofie’s. Together, these brands provide home services through more than 1,900 territories operated by more than 1,000 franchise owners. Authority Brands is dedicated to supporting individual franchise owner growth by providing strong marketing, technology, and operational support. See www.authoritybrands.com for more information.

21 09, 2022

BCI Leads Significant Investment in Authority Brands

2022-09-21T10:05:08-04:00September 21st, 2022|Tags: , , , , , , , , , , , , , , |

COLUMBIA, Md. and VICTORIA, BC — Authority Brands, a residential services franchising platform in North America, today announced that British Columbia Investment Management Corporation (“BCI”), one of the largest institutional investors in Canada, has agreed to acquire a significant minority stake in the company, alongside funds advised by Apax Partners LLP (“Apax Funds”), which will retain majority ownership.

Authority Brands is the premier home service franchisor in North America. Its family of home service franchise brands are leaders in their industry, providing homeowners with services from the property line to the roof line. Authority Brands’ companies include 12 leading home service franchisors: America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Color World Painting, DoodyCalls, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating and Air Conditioning, STOP Restoration and Woofie’s. Together, these brands provide home services through approximately 860 franchise owners across North America.

Since the Apax Funds’ initial investment in 2018, Authority Brands has grown from two home service franchisors to the current 12, expanding into new geographies and services and building out a powerful infrastructure.

“We are proud to have partnered with the Authority Brands team to help build, both organically and through strategic acquisitions, a leading residential services franchising platform,” said Ashish Karandikar, Partner at Apax. “We continue to see significant room for growth by Authority Brands and are pleased to join with BCI and members of the leadership team in the next phase of the company’s journey as they extend their platform through M&A, and strategic initiatives including franchise development, technology transformation and international expansion.”

“As a long-term investor, we seek to invest in market-leading companies with strong management teams, multiple levers for growth, and resilient business models that create shareholder value, such as Authority Brands,” said Dave Hong, Senior Managing Director, Private Equity at BCI. “We look forward to working with Authority Brands and Apax to generate compelling risk-adjusted returns for our pension plan and insurance fund clients.”

“We could not be more pleased than to continue to build the premier residential services franchisor in partnership with Apax and BCI,” said Craig Donaldson, Chief Executive Officer of Authority Brands. “Both partners will add substantial value as we aim to capture further share in the highly fragmented home services market, including by evaluating M&A opportunities in new service verticals.”

Financial terms of the transaction were not disclosed. The transaction is expected to be completed in Q4 2022, subject to customary closing conditions.

Apax was advised by Harris Williams, Boxwood Partners, William Blair & Company, Moelis & Company (financial advisors), Kirkland & Ellis, Simpson Thacher & Bartlett, DLA Piper, and Lathrop GPM (legal counsel), and Ernst & Young (financial and tax advisor).

About BCI

British Columbia Investment Management Corporation (BCI) is amongst the largest institutional investors in Canada with C$211.1 billion under management, as of March 31, 2022. Based in Victoria, British Columbia, with offices in Vancouver and New York City, BCI is invested in: fixed income and private debt; public and private equity; infrastructure and renewable resources; as well as real estate equity and real estate debt through our independently operated platform company QuadReal Property Group. With our global outlook, we seek investment opportunities that convert savings into productive capital that will meet our clients’ risk and return requirements over time.

BCI’s private equity program actively manages a C$24.8 billion global portfolio of privately held companies and funds with long-term growth potential. Leveraging our sector-focused teams in business services, consumer, financial services, healthcare, industrials, and technology, media and telecommunications, we work with strategic private equity partners to source and manage direct and co-sponsor/co-investment opportunities.

For more information, please visit bci.ca.

About Apax Partners LLP

Apax Partners LLP (“Apax”) is a leading global private equity advisory firm. For nearly 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of Internet/Consumer, Tech, Services, and Healthcare. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

Apax Partners is authorised and regulated by the Financial Conduct Authority in the UK.

About Authority Brands

Authority Brands is the premier residential services franchising platform providing services from the property line to the roof line. Authority Brands’ companies include 12 leading home service franchisors: America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Color World Painting, DoodyCalls, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating and Air Conditioning, STOP Restoration and Woofie’s. Together, these brands provide home services through approximately 860 franchise owners across North America. Authority Brands, which is headquartered in Columbia, Maryland, is dedicated to supporting individual franchise owner growth with a full suite of marketing, technology, and operational support, allowing them to focus on providing exceptional service to homeowners. Please visit www.authoritybrands.com for more information.

25 01, 2022

Authority Brands Acquires Woofie’s and Launches Emerging Brands Initiative

2022-01-25T11:16:23-05:00January 25th, 2022|Tags: , , , , , , , , , , , , , , |

COLUMBIA, Md. — Authority Brands announced today the purchase of Woofie’s, a Virginia-based pet care franchise. Terms of the transaction were not disclosed. The acquisition marks the 10th brand addition for Authority Brands since October 2018, with Woofie’s representing the company’s 12th brand in its home service portfolio.

Co-founded by Amy Reed and Leslie Barron in 2004 in Ashburn, VA., Woofie’s is the only mobile franchise in the professional pet care industry to offer the combined services of pet sitting, dog walking and mobile pet spa services. Woofie’s began franchising in 2018 and currently has four locations operating in Virginia.

Authority Brands’ acquisition of Woofie’s marks the launch of the company’s incubator for emerging brands within the home services sector. The incubator is designed to leverage the company’s in-depth home services experience to accelerate growth and development of smaller-scale franchise concepts that have a proven system and strong management.

“Woofie’s is a great addition to the Authority Brands’ portfolio as Amy and Leslie have built a strong brand with a passionate following,” said Rob Weddle, Chief Executive Officer, Authority Brands. “Additionally, we’re excited to leverage our extensive home services experience to fuel Woofie’s expansion as well as many other emerging service brands. The launch of this initiative allows our Authority Brands’ leadership to follow their passion – helping and guiding brands with great potential. We look forward to contributing to Woofie’s future success and identifying others in the coming months and years.”

Companies under the Authority Brands umbrella include leading home service brands The Cleaning Authority, Homewatch CareGivers, America’s Swimming Pool Company, Mosquito Squad, Benjamin Franklin Plumbing, Mister Sparky, One Hour Heating & Air Conditioning, Monster Tree Service, STOP Restoration, DoodyCalls, and Color World Housepainting. They operate across the residential cleaning, at-home care, swimming pool repair and maintenance, pest control services, plumbing, electrical and heating, ventilation and air-conditioning (“HVAC”), tree care, restoration, pet waste removal, and painting sectors, respectively. Authority Brands supports individual franchisee growth by providing strong marketing, technology and operational tools and resources.

“With the launch of Authority Brands’ incubator, we are seeking innovative emerging concepts eager to leverage Authority Brands’ expertise in building home service brands. We were impressed with Amy and Leslie’s leadership and know they are a great fit for our new incubator program. Amy and Leslie have built a company and culture that has tremendous potential, and we are excited to help them expand exponentially,” said Ashish Karandikar, Board of Directors member of Authority Brands’ parent company and Partner at Apax.

“When we launched Woofie’s in 2004, we did so to share our passion and love for pets in our local community. Now as a member of the Authority Brands family, we are excited to bring our leading pet care services to many more communities and pet lovers. The resources and experience that Rob and his team bring to Woofie’s are immense and we can’t wait to grow our brand together,” said Amy Reed, Co-founder, Woofie’s.

About Authority Brands

Headquartered in Columbia, Maryland, Authority Brands’ companies include 11 leading home service franchisors: America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Color World Housepainting, DoodyCalls, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating & Air Conditioning, and STOP Restoration. Together, these brands provide home services through more than 1,900 territories operated by more than 1,000 franchise owners. Authority Brands is dedicated to supporting individual franchise owner growth by providing strong marketing, technology, and operational support. See www.authoritybrands.com for more information.

12 01, 2022

Authority Brands Acquires Color World Housepainting

2022-01-12T11:26:44-05:00January 12th, 2022|Tags: , , , , , , , , , , , , , , |

COLUMBIA, Md. — Authority Brands announced today the purchase of Color World Housepainting. Terms of the transaction were not disclosed. The acquisition marks the ninth brand addition for Authority Brands since October 2018, with Color World Housepainting representing the company’s eleventh brand in its home service portfolio.

Founded by Tom Hodgson in 1997, Color World Housepainting has grown exponentially since its early days serving the Midwest and now has 20 franchise locations throughout the United States. Color World’s team of professional painters is highly experienced in both interior and exterior projects, using top-quality products to deliver outstanding results for residential and commercial clients. They also offer add-on services such as holiday lighting design and installation, power washing, gutter installation and repair, and minor drywall and carpentry work, allowing customers to check one more thing off their to-do list while streamlining their home improvement projects.

Companies under the Authority Brands umbrella include leading home service brands The Cleaning Authority, Homewatch CareGivers, America’s Swimming Pool Company, Mosquito Squad, Benjamin Franklin Plumbing, Mister Sparky, One Hour Heating & Air Conditioning, Monster Tree Service, DoodyCalls and STOP Restoration. They operate across the residential cleaning, at-home care, swimming pool repair and maintenance, pest control services, plumbing, electrical and heating, ventilation and air-conditioning (“HVAC”), tree care, pet waste removal and restoration sectors, respectively. Authority Brands supports individual franchisee growth by providing strong marketing, technology and operational tools and resources.

“Color World Housepainting is an excellent addition to the Authority Brands portfolio, complementing the suite of professional home services our brands provide,” said Rob Weddle, CEO of Authority Brands. “This year mark’s Color World’s 25th anniversary and over that time, Tom and his team have achieved impressive growth, responding to the increased demand for home improvement by expanding their offerings and investing in high-quality workmanship. We are thrilled to support Color World as the business expands into new markets and provides resources to help current franchisees achieve their growth goals.”

“When considering new brands to join the Authority Brands family, we look for growing market leaders like Color World that demonstrate a commitment to being the best in their industry and provide their franchise owners an opportunity to build a large business. We look forward to Color World scaling with the resources Authority Brands can provide,” said Ashish Karandikar, Board of Directors member of Authority Brands’ parent company and Partner at Apax.

“Building this business from scratch and being able to mentor the franchisees who have joined us in our growth has been very rewarding. Joining forces with the Authority Brands network and having their vast resources and support behind us now presents an entirely new level of opportunity for this brand,” said Tom Hodgson, Founder and CEO of Color World Housepainting.

Boxwood Partners represented Color World Housepainting and acted as their financial advisor for the transaction.

About Authority Brands

Headquartered in Columbia, Maryland, Authority Brands’ companies include 11 leading home service franchisors: America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Color World Housepainting, DoodyCalls, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating & Air Conditioning, and STOP Restoration. Together, these brands provide home services through more than 1,900 territories operated by more than 1,000 franchise owners. Authority Brands is dedicated to supporting individual franchise owner growth by providing strong marketing, technology, and operational support. See www.authoritybrands.com for more information.

19 02, 2021

Authority Brands acquires DoodyCalls

2021-02-19T12:20:31-05:00February 19th, 2021|Tags: , , , , , , , , , , , , , , |

COLUMBIA, Md. — Authority Brands, LLC announced today the purchase of DoodyCalls. Terms of the transaction were not disclosed. The acquisition marks the eighth brand addition for Authority Brands since October 2018, with DoodyCalls representing the company’s tenth brand in its home service portfolio.

Founded in 1999 by husband-and-wife team Jacob and Susan D’Aniello, DoodyCalls has transformed from a side business to the nation’s leading pet waste removal service for dog owners.Headquartered in Charlottesville, Virginia, and with operations in more than 45 territories in 16 states, DoodyCalls has made its mission to put the company’s customers first while always continuing to solve pet waste problems for the planet using its unmatched industry expertise.

Authority Brands’ companies include leading home service brands The Cleaning Authority, Homewatch CareGivers, America’s Swimming Pool Company, Mosquito Squad, Benjamin Franklin Plumbing, Mister Sparky, One Hour Heating & Air Conditioning, Monster Tree Service and STOP Restoration, which operate across the residential cleaning, at-home care, swimming pool repair and maintenance, pest control services, plumbing, electrical and heating, ventilation and air-conditioning (“HVAC”), tree care and restoration sectors, respectively. Authority Brands supports individual franchisee growth by providing strong marketing, technology and operational support.

“We’re excited to welcome DoodyCalls to the Authority Brands family and further diversify our portfolio. Jacob and Susan have established a strong business model and grown the brand tremendously over the last two decades. We look forward to helping propel the company to new heights as we put our full network of support behind this leading and innovative brand,” said Rob Weddle, CEO of Authority Brands.

“DoodyCalls adds another layer of expertise to Authority Brands and further strengthens our network. The growth and success that the company has experienced to-date is impressive, and we’re confident that DoodyCalls will continue to hit new milestones as it integrates into the Authority Brands system,” said Ashish Karandikar, Partner at Apax Partners.

“For the past 22 years, Susan and I have worked tirelessly to build a business that helps make the world a happier and healthier place for everyone and we couldn’t be more thrilled to continue our mission as part of the Authority Brands network. The support and resources we’re gaining – from marketing and operations to IT and more – will help us better serve our customers and continue growing the brand,” Jacob D’Aniello, Founder and President of DoodyCalls.

Boxwood Partners represented DoodyCalls and acted as their financial advisor for the transaction.

About Authority Brands

Headquartered in Columbia, Maryland, Authority Brands’ companies include ten leading home service franchisors, America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, DoodyCalls, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating and Air Conditioning, and STOP Restoration. Together, these brands provide home services through more than 1,900 territories operated by more than 1,000 franchise owners in the U.S., Canada and Latin America. Authority Brands is dedicated to supporting individual franchise owner growth by providing strong marketing, technology, and operational support. See www.theauthoritybrands.com for more information.

4 11, 2020

Authority Brands acquires STOP Restoration

2020-11-04T12:57:24-05:00November 4th, 2020|Tags: , , , , , , , , , , , , , , |

COLUMBIA, Md. — Authority Brands, LLC announced today the purchase of Service Team of Professionals (“STOP” or “STOP Restoration”). Terms of the transaction were not disclosed. The acquisition marks the seventh brand addition for Authority Brands since October 2018, with STOP Restoration representing the company’s ninth brand in its home service portfolio.

For decades, STOP Restoration has been helping clients transform disasters into peace of mind. Based in Indiana and currently operating in 31 territories across the U.S., STOP’s trained franchise professionals understand how stressful fire, water and mold damage can be and bring a depth in management and professionalism that makes the restoration process as easy as possible. The company is committed to providing the restoration services their customers need with the compassion and understanding they deserve.

Authority Brands’ companies include leading home service brands The Cleaning Authority, Homewatch CareGivers, America’s Swimming Pool Company, Mosquito Squad, Benjamin Franklin Plumbing, Mister Sparky, One Hour Heating & Air Conditioning and Monster Tree Service, which operate across the residential cleaning, at-home care, swimming pool repair and maintenance, pest control services, plumbing, electrical and heating, ventilation and air-conditioning (“HVAC”) and tree care sectors, respectively. Authority Brands supports individual franchisee growth by providing strong marketing, technology and operational support.

“We’re thrilled to add STOP Restoration to the Authority Brands portfolio. Their commitment to customer service and professionalism make them a standout brand in the industry. We’re excited to be working with their experienced team and look forward to helping them grow their presence across the U.S.,” said Rob Weddle, CEO of Authority Brands.

“The addition of a restoration brand is key to enhance Authority Brands’ offering to existing franchisees and their customers. Based on STOP’s impressive track record, we’re confident that this partnership will further strengthen Authority Brands’ network,” said Ashish Karandikar, Partner at Apax Partners.

“We’re excited to be joining Authority Brands as its newest home service company. With the robust marketing, operations and IT resources now available to us, we’re eager to continue our growth and propel our success as we work to further our position as a leader in the industry,” said Brian Clark, President at STOP Restoration.

Boxwood Partners represented STOP Restoration and acted as their financial advisor for the transaction.

About Authority Brands

Headquartered in Columbia, Maryland, Authority Brands’ companies include nine leading home service franchisors, America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, One Hour Heating and Air Conditioning, and STOP Restoration. Together, these brands provide home services through more than 1,900 territories operated by more than 1,000 franchise owners in the U.S., Canada, Latin America, Kenya and Indonesia. Authority Brands is dedicated to supporting individual franchisee growth through providing strong marketing, technology and operational support. See https://www.theauthoritybrands.com/ for more information.

17 09, 2020

Authority Brands acquires Monster Tree Service

2020-09-17T10:10:28-04:00September 17th, 2020|Tags: , , , , , , , , , , , , , |

COLUMBIA, Md. — Authority Brands, LLC announced today the purchase of Monster Tree Service. Terms of the transaction were not disclosed. The acquisition marks the sixth brand addition for Authority Brands since October 2018, with Monster Tree Service representing the company’s eighth brand in its home service portfolio.

Founded in 2008, Monster Tree Service is the leading tree care company in the U.S., and the only franchise offering local certified arborist teams in multiple locations nationwide. With more than 200 territories across the country, Monster Tree Service is committed to keeping trees healthy and customers satisfied. The brand provides a suite of effective and environmentally friendly services including tree removal, trimming and pruning, land and lot clearing, and more.

Authority Brands’ companies include leading home service brands The Cleaning Authority, Homewatch CareGivers, America’s Swimming Pool Company, Mosquito Squad, Benjamin Franklin Plumbing, Mister Sparky and One Hour Heating & Air Conditioning, which operate across the residential cleaning, at-home care, swimming pool repair and maintenance, pest control services, plumbing, electrical and heating, ventilation and air-conditioning (“HVAC”) sectors respectively. Authority Brands supports individual franchisee growth by providing strong marketing, technology and operational support.

“Monster Tree Service is a terrific addition for Authority Brands. As the largest franchised residential tree service in North America, they’re a great complement to our other leading home service brands. We’re excited to help them continue their extraordinary growth by putting all of our marketing, operations and IT resources behind them,” said Rob Weddle, CEO of Authority Brands.

“The acquisition of Monster Tree Service supports our strategy of growing Authority Brands and furthers its position as a leader in home service business franchising. We’re pleased to support the expansion of Authority Brands’ network and we are confident that this collaboration will help strengthen their portfolio of brands,” said Ashish Karandikar, Partner at Apax Partners.

“We’re excited to be joining Authority Brands as its newest home service company. This is a significant step for our brand that will help propel our growth and success as we continue to provide unparalleled services to customers across the country. We look forward to this new venture together,” said Scott Hilary, Vice President of Operations at Monster Tree Service.

Boxwood Partners represented Monster Tree Service and acted as their financial advisors for the transaction.

About Authority Brands

Headquartered in Columbia, Maryland, Authority Brands’ companies include eight leading home service franchisors, America’s Swimming Pool Company, Benjamin Franklin Plumbing, The Cleaning Authority, Homewatch CareGivers, Mister Sparky, Monster Tree Service, Mosquito Squad, and One Hour Heating and Air Conditioning. Together, these brands provide home services through more than 1,875 territories operated by nearly 1,000 franchise owners in the U.S., Canada, Latin America, Kenya and Indonesia. Authority Brands is dedicated to supporting individual franchisee growth through providing strong marketing, technology and operational support. See https://www.theauthoritybrands.com/ for more information.

21 02, 2019

Authority Brands welcomes the Clockwork brands into its family

2019-02-21T16:17:28-05:00February 21st, 2019|Tags: , , , , , |

Addition doubles Authority Brands’ overall system revenue to over $1 billion

NEW YORK and COLUMBIA, Maryland — Authority Brands, a leading home services franchising platform backed by funds advised by Apax Partners, announced today the acquisition of Clockwork, Inc., and certain of its affiliates (“Clockwork”) from Direct Energy Group, a subsidiary of Centrica plc. The transaction is expected to close in the first half of 2019. The acquisition is the third home services add-on for Authority Brands since the company was acquired by funds advised by Apax Partners in September 2018.

Established in 1999, Clockwork delivers critical home services through three leading plumbing, electrical, and heating, ventilation and air-conditioning (“HVAC”) providers across the United States. Its household-name brands – Benjamin Franklin Plumbing® (“Benjamin Franklin“), Mister Sparky® electric, and One Hour Heating & Air Conditioning® (“One Hour”) – are all rated among the best-in-class in their respective categories.

Authority Brands is the parent company to leading home services brands The Cleaning Authority, Homewatch CareGivers, America’s Swimming Pool Company and Mosquito Squad which operate across the residential cleaning, at-home care, swimming pool repair and maintenance, and pest control services sectors respectively. Authority Brands supports individual franchisee growth by providing strong marketing, technology and operational support.

Rob Weddle, CEO of Authority Brands, said: “The addition of the Clockwork group of brands is an important and significant step in the evolution of Authority Brands. All three brands are market-leading franchises within their respective industries and their addition to our portfolio doubles our overall system revenue to over $1 billion. This scale allows us to further strengthen each of our brand’s systems and continue down the path of becoming the home services franchisor of choice for both business owners and consumers.”

Ashish Karandikar, Partner at Apax Partners, said: “We are delighted to support Authority Brands in this transformational acquisition. The Clockwork brands operate in attractive markets and will bring scale and diversification to Authority Brands’ platform. We anticipate substantial benefits for both businesses from cross-selling and collaboration across marketing, technology and operational support.”

Bruce Stewart, president of Direct Energy Home North America said: “The decision for this sale reflects our goals to focus and simplify our channels to customers and to own our own brands. Authority Brands is a good home for Clockwork and the franchise owners and customers will see no difference in our service delivery as we conclude this transaction.”

About Authority Brands

Headquartered in Columbia, Maryland, Authority Brands, LLC is the parent company of four leading home service franchisors, The Cleaning Authority, Homewatch CareGivers, America’s Swimming Pool Company and Mosquito Squad. Together, these brands provide recurring home services through more than 550 franchise locations in the U.S., Canada, Latin America, Kenya and Indonesia. Authority Brands is dedicated to supporting individual franchisee growth through providing strong marketing, technology and operational support.

About Apax Partners

Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of c.$50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.