Reflecting on 2019 Growth and Changes for the SERVPRO Brand

1/3/2020 (Permalink)

What new and exciting things will be coming in 2020?

This past year SERVPRO celebrated 50 years of service at our annual convention in Sacramento, CA; where it all started. Our convention updates revealed some exciting news; that we would become part of a larger picture to promote growth and success. Over the years our corporate team has built an incredibly solid foundation, and the team is ready to start the next chapter of SERVPRO History! This past year SERVPRO announced it would be become part of Blackstone’s private equity portfolio to maximize value-add and industry relations. SERVPRO grew monumentally last year and has exceed growth every year for the past 30 years; yielding a total of 2.4 billion dollars in 2019.

Blackstone Investment was based on several truths;

• SERVPRO is a market leading platform in a large and highly fragmented recession-resistant industry
• We have demonstrated long-term organic growth with resilience through economic cycles
• We have an attractive asset-light financial profile with predictable royalty revenues, high contribution margins and low capital requirements
• Our healthy franchise system retains tenured operators and strong franchise economics
• The future holds numerous compelling growth opportunities
• We hold a highly experienced management team with a strong track record of delivering proven results

 The SERVPRO brand has created a “One Team” Initiative which SERVPRO of Lynnwood is proud to stand by. Looking into 2020 we work toward growth and development while standing by the following mantra;

“Align our Focus and Improve Results on our Mutually Critical Outcomes:

The Customer Service Experience, Revenue and Profit Growth, and Management and Staff Development.”

Follow SERVPRO of Lynnwood on our journey to growth in 2020 as we work with Blackstone to build our brand in new and exiting ways!