CHEMED CORP acquired Roto-Rooter franchise (Bloomington, Indiana) for $2.2 million, a transaction completed in June 2020, structured as all cash. The deal was a Asset purchase (franchise buy-back).
Roto-Rooter franchise (Bloomington, Indiana) operates in Roto-Rooter (plumbing and drain cleaning), is based in Bloomington, Indiana. Roto-Rooter completed the acquisition of a Roto-Rooter franchise and the related assets in Bloomington, Indiana, continuing its program of buying back independent franchise territories.
"to increase our market penetration."
Roto-Rooter Services Company company-owned branch
On June 1, 2020, we completed the acquisition of a Roto-Rooter franchise and the related assets in Bloomington, IN for $2.2 million in cash.Chemed FY2020 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.