Many people are familiar with SERVPRO because it is a pioneer in the restoration sector. Regarding SERVPRO’s ownership and whether it is publicly traded, there has been some misunderstanding. These queries will be addressed in this post, along with a comprehensive knowledge of SERVPRO’s ownership and current situation.
First off, SERVPRO is not owned by Blackstone. Although SERVPRO is not one of the firms that Blackstone has invested in, it is a well-known international investment firm that has. The Isaacson family launched SERVPRO in 1967; it is a privately held corporation that they own. CEO Rick Isaacson, who has been with the business for more than 30 years, is now in charge of it.
Second, SERVPRO does not trade on a stock exchange. This indicates that there are no stock exchanges where investors can buy the company’s shares. Instead, the Isaacson family holds all of the company’s shares outright and hasn’t sold any ownership interests to other investors or made any public offerings. Due to this, SERVPRO may continue to make all operational and strategic decisions under complete control.
Since its foundation in 1967, SERVPRO has expanded substantially. The company now offers a variety of restoration services, such as water damage restoration, fire damage restoration, mold remediation, and more, and it has more than 1,800 franchises spread across the United States and Canada. The company’s success can be attributed in part to its emphasis on delivering top-notch service and dedication to ongoing improvement.
In conclusion, SERVPRO is neither owned by Blackstone, nor is it listed on a stock exchange. The Isaacson family, who own the privately held corporation, has maintained total control over its management and strategic choices. Despite not being publicly traded, SERVPRO has maintained its position as a leader in the restoration sector by continuing to grow and expand its services.