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Following the Chapter 11 bankruptcy filing of Sears Holdings on October 15, 2018, Transformco purchased the surviving assets owned by Sears Holdings for $5.2 billion. [1] On June 3, 2019, it was announced that Transformco would acquire Sears Hometown and Outlet Stores.
Sears Home Services, the nation's largest product repair service provider, is a key element in Transformco's active relationship. This business delivers a broad range of retail-related residential and commercial services across all 50 states, Puerto Rico, Guam and the Virgin Islands.
At Sears Home Services, our products revolve around services that truly make people’s lives better. “At its core, Sears is an innovator.” For the 3% of Americans who do not recognize the Sears name, Sears is a 130-year-old company known for being America’s largest retailer in the mid-20th century.
Transformco, the owner of the Sears and Kmart retail chains, could raise at least $1 billion by divesting the home improvement business, the sources said. Sears has tapped investment bankers at...
Transformco, the owner of the Sears and Kmart retail chains, could raise at least $1 billion by divesting the home improvement business, the sources said.
Kenmore, Monark, and DieHard are among the remaining assets held by Sears' parent company after the retailer declared bankruptcy. Learn more about the decline of Sears. Skip to content
Transformca, the parent company of Kmart and Sears, is looking to raise at least $1 billion by selling its Sears Home Services division, which handles appliance repairs and vinyl siding replacement, as well as kitchen and roof remodeling projects.