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Old 12-14-2015, 02:57 AM
fireball756 fireball756 is online now
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Join Date: Aug 2015
Posts: 190
It is a numbers game guys. Yes SLS was out performing smg but they were doing it with 11,000 employees plus equipment. SMG does what it does with maybe 60 people tops. Now 61, they are going to hire a Harvard Business school wizard to track the 30% profit that True Green produces. This is a giant win win for both companies. Smg gets 30 % of the future profits forever but more importantly they change their balance sheet dramatically by removing all their liabilities of employees and equipment. TruGreen shows a big jump in revenue and equipment without spending a dime and they justify all the new employees as needed to produce revenue direct costs. Remember they did this with Servicemaster when they acquired ChemLawn, those Waste Management people smile every month when that TruGreen check shows up
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Old 12-14-2015, 03:02 AM
JMEllis JMEllis is offline
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Join Date: Feb 2011
Posts: 28
From what I've heard, SMG is selling the rest of their stake very soon. Keeping 30% through '16 just to act like they have involvement and investment so the customers don't cancel.
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