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
On July 1, 2019, we completed the acquisition of a Roto-Rooter franchise and the related assets in Oakland, CA for $18.0 million in cash.Chemed FY2019 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.