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American Home Shield was founded in 1971 and operated independently until it was acquired by ServiceMaster in 1989. [9] In 2018, the American Home Shield business was spun off under Frontdoor, Inc., a new, publicly traded company on the NASDAQ (ticker symbol FTDR).
In the 1980s, the company acquired several branch and franchise-based service companies including Terminix, TruGreen, Merry Maids, and American Home Shield. [6] [citation needed] In 2001, ServiceMaster divested its management services businesses to focus more on its residential and commercial business. [citation needed] [clarification needed]
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In 1937, it expanded into rug and carpet cleaning, and the first in-home carpet cleaning customer was served using products developed by Wade. The ServiceMaster Company incorporated in 1947, [2] with six employees and revenue of $125,000. In 1952, the first franchise was sold, establishing one of country's first franchise business models. [1]
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