Who owns Service Experts? This question is often posed by individuals and businesses seeking to understand the background and ownership structure of one of the leading service provider companies in the industry. Service Experts, known for its exceptional customer service and comprehensive range of services, has a diverse ownership landscape that reflects its commitment to excellence and innovation.
Service Experts was founded in 1986 by Don and Dee Stabler with a vision to provide top-notch home comfort solutions. Over the years, the company has grown exponentially, expanding its service offerings and geographical reach. The current ownership structure of Service Experts is a blend of private equity firms, management, and employees, each playing a crucial role in shaping the company’s future.
One of the key stakeholders in Service Experts is the private equity firm, Advent International. Advent International, a global private equity firm, acquired a majority stake in Service Experts in 2016. This strategic move was aimed at providing the necessary capital and resources to support the company’s growth and expansion. Advent International’s involvement has not only accelerated Service Experts’ growth but has also brought in best practices from the private equity industry.
Another significant shareholder is the management team, which includes the Stabler family and other key executives. The management team’s ownership stake reflects their dedication and commitment to the company’s success. Their involvement ensures that the company remains focused on delivering exceptional customer service and maintaining its core values.
The employees of Service Experts also hold a significant stake in the company. In 2015, the company implemented an Employee Stock Ownership Plan (ESOP), allowing employees to own a portion of the company. This move has not only motivated the workforce but has also fostered a sense of loyalty and unity among the employees. The ESOP has been instrumental in creating a culture of shared ownership and accountability.
The diverse ownership structure of Service Experts has several advantages. Firstly, it ensures that the company remains focused on delivering exceptional customer service and maintaining its core values. Secondly, the involvement of private equity firms and management teams brings in the necessary capital and expertise to support the company’s growth. Lastly, the ESOP has created a motivated and engaged workforce, contributing to the company’s success.
In conclusion, Service Experts is owned by a combination of private equity firms, management, and employees. This diverse ownership structure has played a vital role in shaping the company’s success and ensuring its continued growth and innovation. As the company moves forward, it remains committed to delivering exceptional service and upholding its core values, while leveraging the strengths of its diverse ownership base.
