Service King Reportedly Considering $2B Sale
Feb. 15, 2017—The private equity owners of Service King are considering a sale of the company, according to Bloomberg's sources.
Service King’s owners—Blackstone Group LP (which acquired a majority stake in July 2014) and Carlyle Group LP (which acquired the company in August 2012)—have reportedly had discussions with bankers about a possible sale process. The company could fetch more than $2 billion, the sources said. No final decision has been made and the firms may elect to keep the business.
Blackstone agreed to buy a majority stake in Dallas-based Service King in 2014 for an undisclosed sum, as part of a recapitalization that saw Carlyle reinvest to take a minority stake.