ServiceMaster Files to go Public

摘要

The parent company of the industry's second largest pest management firm continues to make many changes -even after jettisoning its TruGreen lawn care division.On March 24, ServiceMaster Global Holdings, which owns Terminix pest control, filed with the U.S. Securities and Exchange Commission to raise $100 million through an initial public offering (IPO) of common stock.Industry experts believe the company will begin trading stock this summer.Net proceeds from the IPO will repay indebtedness, according to the filing.The offering will make ServiceMaster a public entity once again. In 2007, private equity group Clayton Dubilier & Rice (CD&R) bought the then-publicly traded company, valued at $5.5 billion.