American Home Shield of Memphis, Tennessee, has acquired Utah-based Landmark Home Warranty. Founded in 2004, Landmark provides home warranty services in Arizona, Idaho, Nevada, Oregon, Texas and its home state of Utah. It was named one of the 5,000 fastest growing companies in America in 2014 and 2015 by Inc. Magazine and is a privately held company with more than 200 employees.
American Home Shield is the largest home warranty company in the nation and a business unit of ServiceMaster. The acquisition is a notable milestone in the Service- Master growth strategy, the company said in a statement released last week.
“Landmark has accomplished remarkable growth and success offering comprehensive and reputable home warranties,” said Tim Haynes, president of American Home Shield. “This, along with its customer-focused mindset, strong employee culture and entrepreneurial drive, makes Landmark a perfect fi t for American Home Shield and ServiceMaster.”
“We are thrilled about the tremendous opportunity ahead,” said Alma Jeppson, founder and CEO of Landmark. “We are a culturedriven company and our deep commitment to delivering remarkable service and caring for our Landmark family have been the cornerstones of our success. American Home Shield and ServiceMaster have also demonstrated the same high standards for employees and commitment to customers.”
Landmark will maintain its current management team, name and branding and will continue its current business model. Most of the company’s employees are located at its headquarters and customer service center in the South Jordan.
It is the second acquisition this year by American Home Shield and continues the ServiceMaster growth strategy. Jason Bailey, vice president of business development and acquisitions for ServiceMaster, said that ServiceMaster continually searches for companies with respected brands, a legacy of quality service and strong customer relationships.
American Home Shield was founded in 1971 and together with its wholly owned subsidiaries services 1.6 million customers in all 50 states. The companies operate four customer service centers, employ approximately 1,800 employees and have a national service contractor network made up of over 11,000 independent home service contractors and more than 45,000 service technicians.
In addition to American Home Shield, ServiceMaster owns brands such as AmeriSpec (home inspections), Furniture Medic (furniture repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster Restore (disaster restoration) and Terminix (termite and pest control).