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01.10.2018 18:50
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PR Newswire
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Roto-Rooter Buys Five Northern California Franchises
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PR Newswire
CINCINNATI, Oct. 1, 2018
CINCINNATI, Oct. 1, 2018 /PRNewswire/ -- Roto-Rooter Services Company, a wholly owned subsidiary of Chemed Corporation ("Chemed") (NYSE: CHE) announced it has acquired five formerly independent Roto-Rooter franchises covering several areas of Northern California. This is Roto-Rooter's largest franchise acquisition to date, with annual sales of $22 million. The territories served by the franchises encompass all or parts of six counties, including Contra Costa, Santa Clara, Solano, Napa, Sonoma and San Benito, with a combined population of approximately four million people. The acquired territories include the cities of San Jose, Santa Rosa, Santa Clara, Sunnyvale, Vallejo, Concord, Fairfield and Napa.
The sale was effective October 1, 2018. Terms of the transaction were not disclosed. This acquisition is part of Roto-Rooter's ongoing strategy of acquiring franchises to boost productivity, market share and profitability.
Roto-Rooter was established in 1935 and is the largest provider of plumbing repair and sewer & drain cleaning services in North America. Roto-Rooter also provides water damage cleanup services in most of its company-owned locations. It operates businesses in 118 company-owned territories and more than 500 franchise territories, serving approximately 91 percent of the U.S. population and 40% of the Canadian population. Roto-Rooter also has licensed master franchises in the republics of Indonesia and Singapore, and the Philippines. For more information about Roto-Rooter, please visit www.rotorooter.com
Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio, Chemed Corporation (www.chemed.com) operates two wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS is the nation's largest provider of end-of-life hospice care and Roto-Rooter is the nation's leading provider of plumbing repair and drain cleaning services.
CONTACT:
Paul Abrams
Public Relations Director, Roto-Rooter Services Company
513-762-6434
Paul.Abrams@rrsc.com
View original content:http://www.prnewswire.com/news-releases/roto-rooter-buys-five-northern-california-franchises-300722005.html
SOURCE Roto-Rooter
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