CHEMED CORP acquires Roto-Rooter franchise (Bloomington, Indiana)
Snapshot
CHEMED CORP acquired Roto-Rooter franchise (Bloomington, Indiana) for $2.2 million in June 2020. The transaction was structured as all cash. Roto-Rooter franchise (Bloomington, Indiana) is a Bloomington, Indiana-based Roto-Rooter (plumbing and drain cleaning) business.
- Acquirer
- CHEMED CORP
- Target
- Roto-Rooter franchise (Bloomington, Indiana)
- Value
- $2.2 million
- Date
- June 2020
- Type
- asset purchase (franchise buy-back)
- Status
- ready
The deal at a glance
About this deal
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
No advisory firms have been disclosed for this transaction.