Authority Brands acquires STOP Restoration
COLUMBIA, Md.—November 4, 2020—Authority Brands has purchased Service Team of Professionals (STOP Restoration), a major restoration franchise in the U.S. Terms of the transaction were not disclosed. The STOP Restoration acquisition marks the seventh brand addition for Authority Brands since October 2018 and the ninth brand in its home service portfolio, which includes The Cleaning Authority, Homewatch CareGivers, America’s Swimming Pool Company, Mosquito Squad, Benjamin Franklin Plumbing, Mister Sparky, One Hour Heating & Air Conditioning, and Monster Tree Service.
“We’re thrilled to add STOP Restoration to the Authority Brands portfolio. Their commitment to customer service and professionalism make them a standout brand in the industry,” said Rob Weddle, CEO of Authority Brands. “We’re excited to be working with their experienced team and look forward to helping them grow their presence across the U.S.”
Based in Indiana and currently operating in 31 territories across the U.S., STOP Restoration helps clients recover from disasters like fire, water, and mold damage while restoring peace of mind. Trained franchise professionals manage jobs with expertise and professionalism that makes the restoration process as easy as possible. The company is committed to providing the restoration services their customers need with the compassion and understanding they deserve.
“The addition of a restoration brand is key to enhance Authority Brands’ offering to existing franchisees and their customers,” Ashish Karandikar of Apax Partners said of the STOP Restoration acquisition. “Based on STOP’s impressive track record, we’re confident that this partnership will further strengthen Authority Brands’ network.”
“We’re excited to be joining Authority Brands as its newest home service company,” said Brian Clark, president of STOP Restoration. “With the robust marketing, operations, and IT resources now available to us, we’re eager to continue our growth and propel our success as we work to further our position as a leader in the industry.”
Headquartered in Columbia, Md., Authority Brands’ companies now include nine leading home service franchisors that together provide home services through more than 1,900 territories operated by more than 1,000 franchise owners in the U.S., Canada, Latin America, Kenya, and Indonesia. Authority Brands is dedicated to supporting individual franchisee growth through providing strong marketing, technology, and operational support. For more information, visit https://www.theauthoritybrands.com/.