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Roark to Acquire ServiceMaster Brands in $1.5 Billion Deal

Paul, Weiss is advising an affiliate of Roark Capital Group in its acquisition of the ServiceMaster Brands businesses of ServiceMaster Global Holdings, Inc., a leading provider of essential services to residential and commercial customers in the termite, pest control, health-based cleaning and restoration markets, for $1.553 billion.

The transaction is expected to close in approximately 30 to 60 days, subject to customary legal and regulatory closing conditions. ServiceMaster Brands, which includes ServiceMaster Restore, ServiceMaster Clean, Merry Maids, AmeriSpec and Furniture Medic, will use the proceeds from the sale for debt reduction, organic and inorganic investments in pest control, and return to shareholders. ServiceMaster Global Holdings will change its name to Terminix at closing.

The Paul, Weiss team includes corporate partners Jeffrey Marell, Sarah Stasny, Jordan Yarett, Robert Zochowski and Monica Thurmond and counsel Suhan Shim; tax partner Scott Sontag; employee benefits partner Lawrence Witdorchic; intellectual property partner Claudine Meredith-Goujon; antitrust counsel Yuni Sobel and Marta Kelly; and litigation counsel Adam Bernstein.

September 2, 2020

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