CHEMED CORP acquires Roto-Rooter franchise (Oakland, California)
Snapshot
CHEMED CORP acquired Roto-Rooter franchise (Oakland, California) for $18.0 million in July 2019. The transaction was structured as all cash. Roto-Rooter franchise (Oakland, California) is a Oakland, California-based Roto-Rooter (plumbing and drain cleaning) business.
- Acquirer
- CHEMED CORP
- Target
- Roto-Rooter franchise (Oakland, California)
- Value
- $18.0 million
- Date
- July 2019
- Type
- asset purchase (franchise buy-back)
- Status
- ready
The deal at a glance
About this deal
CHEMED CORP acquired Roto-Rooter franchise (Oakland, California) for $18.0 million, a transaction completed in July 2019, structured as all cash. The deal was a asset purchase (franchise buy-back).
Roto-Rooter franchise (Oakland, California) operates in Roto-Rooter (plumbing and drain cleaning), is based in Oakland, California. Roto-Rooter completed the acquisition of a Roto-Rooter franchise and the related assets in Oakland, California. The deal was disclosed as part of the company's continuing strategy of converting independent franchise territories into company-owned branches.
"The acquisitions were made as a continuation of Roto-Rooter's strategy of acquiring franchises to increase market penetration."
Roto-Rooter Services Company company-owned branch
No advisory firms have been disclosed for this transaction.