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In October, 2006 CI Capital Partners announced that it had acquired American Residential Services L.L.C., one of the nation's leading providers of HVAC and plumbing services with revenues of more than $500 million, from The ServiceMaster Company (NYSE: SVM). CI Capital Partners is the majority investor in the transaction alongside Royal Palm Capital Partners, Inc. 
Headquartered in Memphis, Tennessee, ARS serves residential and light commercial customers under the ARS Service Express and Rescue Rooter brands. It operates through an extensive network of 60 locations in 25 states.
Donald K. Karnes has been appointed Chief Executive Officer of ARS and David M. Slott has been named President and Chief Operating Officer. Mr. Karnes is a former Group President of the TruGreen Companies, a division of ServiceMaster, and Mr. Slott was President and Chief Operating Officer of TruGreen Chemlawn, the lawn care division of the business Mr. Karnes headed. Related Links: |
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