M&A Deal Summary

Roark Capital Group and ATP Private Equity Partners Acquire ServiceMaster

On September 2, 2020, private equity firms Roark Capital Group and ATP Private Equity Partners acquired consumer services company ServiceMaster from Terminix for 1.6B USD

Acquisition Highlights
  • This is Roark Capital Group’s 4th and ATP Private Equity Partners’ 1st transaction in the Consumer Services sector.
  • This is Roark Capital Group’s and ATP Private Equity Partners’ 13th largest (disclosed) transaction.
  • This is Roark Capital Group’s 38th and ATP Private Equity Partners’ 19th transaction in the United States.
  • This is Roark Capital Group’s 7th and ATP Private Equity Partners’ 2nd transaction in Georgia.

M&A Deal Summary
Date 2020-09-02
Target ServiceMaster
Sector Consumer Services
Buyer(s) Roark Capital Group
ATP Private Equity Partners
Sellers(s) Terminix
Deal Type Divestiture
Deal Value 1.6B USD

Target

ServiceMaster

Atlanta, Georgia, United States
website
ServiceMaster is a provider of residential and commercial restoration and cleaning services, operates a network of over 1,850 franchisees through its portfolio of five brands in 50 states and nine countries. ServiceMaster was founded in 1929 and is based in Atlanta, Georgia.

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Buyer(S) 2

Buyer

Roark Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 33.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Roark Capital Group is a private equity firm that focuses on middle-market investment opportunities. The Firm targets family-owned business transfers, management/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Roark Capital Group pursues companies with revenues between $20 million and $5 billion, and EBITDA of $10 to $500 million. Roark Capital primarily invests in consumer and business services companies, with a particular interest in the franchise, food and restaurant, specialty retail, direct marketing and financial services sectors. Roark Capital Group was formed in 2001 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 40 of 44
Sector (Consumer Services) 4 of 5
Type (Divestiture) 1 of 1
State (Georgia) 7 of 7
Country (United States) 38 of 42
Year (2020) 4 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 US Sports Camps

San Rafael, California, United States

US Sports Camps is a youth sports camp company offers spans 19 different sports, Esports, and academic programs for campers ranging from 6 to 18 years old. US Sports Camps is based in San Rafael, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Corner Bakery Cafe

Dallas, Texas, United States

Corner Bakery Cafe is an operator and franchisor of bakery cafés in the fast casual restaurant industry, serving made-to-order sandwiches, salads, soups and other hand-crafted favorites for breakfast, lunch and dinner, and delivering a segment-leading catering service.

Sell -
Buyer

ATP Private Equity Partners

website

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.

DEAL STATS #
Overall 43 of 43
Sector (Consumer Services) 1 of 1
Type (Divestiture) 5 of 5
State (Georgia) 2 of 2
Country (United States) 19 of 19
Year (2020) 1 of 1
Size (of disclosed) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-05 Ancestry

Provo, Utah, United States

Ancestry.com is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and AncestryHealth. Ancestry.com was formed in 1990 and is based in Provo, Utah.

Sell $4.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 McGraw Hill Education

New York, New York, United States

McGraw Hill Education is a provider of high-quality educational material and learning solutions for students, instructors, and institutions around the world. McGraw Hill Education was founded in 1888 and is based in New York City.

Sell $4.5B

Seller(S) 1

SELLER

Terminix

Memphis, Tennessee, United States

website

Category Company
Founded 1929
Sector Consumer Services
Employees11,400
Revenue 2.0B USD (2021)
DESCRIPTION
Terminix's corporate headquarters in downtown Memphis, Tennessee.
Terminix's corporate headquarters in downtown Memphis, Tennessee.

Terminix is a provider of residential and commercial pest management. The Company provides pest management services and protection against termites, mosquitoes, rodents and other pests. Terminix is based in Memphis, Tennessee.

DEAL STATS #
Overall 5 of 5
Sector (Consumer Services) 2 of 2
Type (Divestiture) 5 of 5
State (Georgia) 1 of 1
Country (United States) 5 of 5
Year (2020) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Gregory Pest Solutions

Greenville, South Carolina, United States

Gregory Pest Control LLC is a provider of residential, commercial pest control services and lawn care solutions. Gregory Pest Control LLC was founded in 1972 and is based in Greenville, South Carolina.

Buy -
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