American Home Shield, one of the largest home warranty companies in the nation, recently announced it has entered into an agreement to acquire HSA Home Warranty, a leading competitor in the industry. Company officials say they expect the sale to close within the next 30 to 60 days, and to create important expansion opportunities for both brands.
“The HSA Home Warranty team has built a strong legacy in this industry, and I’m excited about the opportunities we believe this acquisition will bring to our business, our customers and our real estate clients”
“We believe HSA Home Warranty uniquely complements our business and will help accelerate our pace of growth in strategic markets,” said Mark Barry, president of American Home Shield, a business unit of The ServiceMaster Company, one of the world’s largest residential and commercial service networks. “Like us, HSA Home Warranty is known for providing reliable, quality service to its customers, and for building strong relationships in the real estate community. We look forward to positioning both companies to deliver even more value to homeowners across the country as a result of this acquisition.”
Once the transaction is complete, Barry says he expects HSA Home Warranty to essentially operate as an independent brand, much as it does today. Bob Lehmann, president and founder of HSA Home Warranty, will report to Barry and continue to lead the company from its headquarters in Madison, Wis., where it employs approximately 200 people and serves more than 125,000 customers.
“The HSA Home Warranty team has built a strong legacy in this industry, and I’m excited about the opportunities we believe this acquisition will bring to our business, our customers and our real estate clients,” said Lehmann. “I am proud of where we are today, and we are delivering on our commitment to position our company for continued growth.”
About American Home Shield
American Home Shield founded the home warranty industry in 1971 and remains the industry leader, servicing more than 1.3 million customers across 49 states. In addition to its core focus on home protection plans, the company also issues and administers preventive maintenance contracts on major home systems and appliances in 48 states across the country. The Memphis-based company operates three customer service centers, employs approximately 1,600 employees and has a national contractor network made up of more than 10,000 independent home-service contractors, which includes more than 40,000 technicians. American Home Shield is a business unit of The ServiceMaster Company, one of the world’s largest residential and commercial service networks.
For more information visit www.ahs.com.