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  #1  
Old 03-23-2007, 09:40 PM
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americanlawn americanlawn is offline
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TruGreen selling out???

During the past 3 days, I have received several notifications that Service Master will sell their Tru Green division by this year's 3rd quarter.

Anyone else know about this?

I started with the "original" ChemLawn in 1978. Started my own business before the Duke family sold.

1st ChemLawn sell-out was to "Waste Management". (the mob)
2nd sale was "Ecolab".
3rd sale = TruGreen (Service Master)

I ased two local true qween guys this week, and they had no idea???

Please post what you have heard.

Thanks.
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  #2  
Old 03-23-2007, 10:01 PM
Roger Roger is offline
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I posted this thread several days ago, thinking it would be of great interest to many on LS. Not one response (I don't know what that means),

http://www.lawnsite.com/showthread.php?t=179711
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  #3  
Old 03-24-2007, 12:17 AM
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Runner Runner is offline
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The reason no one responded to that particular thread, is that it was being discussed on a different thread. A private co. by the name of Clayton, Dubilier & Rice, Inc. won the bid for aquiring the megacorporation. They however did not purchase the trugreen division owned by servicemaster. They purchased servicemaster. After falling profits and stock affected trugreen, which is a large portion (along with tg landcare) of this corp., they opted to take the bids for selling. This firm has done this with many other other corporations in the past and revamps them. their average length of ownership is around 5 years.
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  #4  
Old 11-19-2013, 12:40 PM
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Trees Too Trees Too is online now
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I know that this is a very old thread. But here is the latest as of Nov 2013. Both the Memphis Daily News and L&L report that ServiceMaster is going to spin-off TruGreen as an independent company, effective on or around Dec 31. TG has lost 300,000 customers in the past 2 years. Reuters reports that over the past 2 years SVM has incurred $1.6 billion in "impairment charges" (writing-off off a worthless asset.) Referring to TruGreen!!!
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  #5  
Old 11-21-2013, 11:55 PM
Middle Tennessee Lawn Middle Tennessee Lawn is offline
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Quote:
Originally Posted by Trees Too View Post
I know that this is a very old thread. But here is the latest as of Nov 2013. Both the Memphis Daily News and L&L report that ServiceMaster is going to spin-off TruGreen as an independent company, effective on or around Dec 31. TG has lost 300,000 customers in the past 2 years. Reuters reports that over the past 2 years SVM has incurred $1.6 billion in "impairment charges" (writing-off off a worthless asset.) Referring to TruGreen!!!
Wow shows how the economy has affected them
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  #6  
Old 11-22-2013, 09:19 AM
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BPS## BPS## is offline
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http://landscapemanagement.net/2013/...en-separation/




I REALLY wish I could acquire about 100 of their aeration customers.
And charge the prices they do. I don't know how they do it.
I know for a fact I can provide better customer service than they can.
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  #7  
Old 11-22-2013, 01:40 PM
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grassmonkey0311 grassmonkey0311 is online now
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Coming from my inside source:

TruGreen is going to be a stand alone company, and it is for sale. Service master wants to go public. Profits are way down and sounds like service master ran it like crap.

How nuts would it be if the same company who bought Brickman buys Trugreen???
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  #8  
Old 11-22-2013, 02:09 PM
die4irish die4irish is offline
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Quote:
Originally Posted by grassmonkey0311 View Post
Coming from my inside source:

TruGreen is going to be a stand alone company, and it is for sale. Service master wants to go public. Profits are way down and sounds like service master ran it like crap.

How nuts would it be if the same company who bought Brickman buys Trugreen???
Servicemaster is a joke. I worked for Terminix for 7 years before finally getting out. The corporate bulls**t they pull is something else. Don't ever blame the technicians most of them care very much it's just they are not allowed to do their job ethically.
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  #9  
Old 11-22-2013, 08:13 PM
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Trees Too Trees Too is online now
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Quote:
Originally Posted by BPS## View Post
http://landscapemanagement.net/2013/...en-separation/




I REALLY wish I could acquire about 100 of their aeration customers.
And charge the prices they do. I don't know how they do it.
I know for a fact I can provide better customer service than they can.
If you Google "ServiceMaster financial" you will read several reports that explain that SVM would be profitable, if it weren't for TruGreen dragging SVM down!
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  #10  
Old 11-28-2013, 11:42 AM
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All Season Bill All Season Bill is offline
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Believe....we can all do a better job than them!!


Unfortunately we all blame the techs when it's really out of their hands.
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