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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).
On July 26, 2017, ServiceMaster Global Holdings, Inc. announced a plan to spin off its American Home Shield business from its Terminix and Franchise Services Group into a separate publicly-traded company. [14] In 2020, Naren Gursahaney was appointed as chief executive officer, [13] later that year, Roark Capital Group purchased ServiceMaster ...
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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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