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Sanitors Service Resource Corp history
Sanitors Service Resource Corp company history timeline
In response to this move, the company's stock made some of the largest gains in the market in the first days of 1987, when it first moved from over-the-counter trading to the Big Board of the New York Stock Exchange.
By the end of 1987 company revenues had reached $1.4 billion.
These "Support Service" contracts were slow to gain popularity, enticing just 12 of ServiceMaster's 1,300 hospital customers by early 1987, but the company remained confident that the program would eventually win converts.
In June 1988 the company took another step in this direction when it purchased a Memphis-area home appliance maintenance and plumbing service, with about 400 customers.
Despite these efforts, however, the amount of money generated by the company's hospital cleaning operations continued to drop and revenues crept up just seven percent in the first nine months of 1988.
The company augmented its home services division with the November 1990 purchase of two divisions of Waste Management, Inc.: a pest control business, and TruGreen, a lawn care service with commercial and residential customers.
ServiceMaster paid $120 million for the company, which had 200,000 home service contracts to its credit by 1990.
The company branched out into another field it considered ripe for significant growth when it entered the child care business in 1990 by purchasing the GreenTree Preschool in Wheaton, Illinois.
ServiceMaster also purchased a 22 percent interest in the privately held Norrell Corporation in December 1991.
1992: Chem-Lawn is acquired.
In 1993 Carlos H. Cantu succeeded William Pollard as CEO. Pollard, who had transformed ServiceMaster from a maturing company into a fast-growing, highly profitable leader of the service industry, continued as chairman.
The 1996 purchase of Barefoot Inc. for $232 million further solidified ServiceMaster's leading position in this market.
In 1999 Carlos Cantu developed cancer and stepped down, turning the reins over to his predecessor, C. William Pollard.
1999 – ISS acquired Abilis, the second largest European provider of cleaning and specialised services, in a DKK 3.6 billion acquisition, the Group’s largest ever.
In the third quarter of 2000, ServiceMaster announced that its profits fell by twenty-nine percent.
2003 – ISS’s first major pan-European Integrated Facility Services contract signed
With our humble beginnings in leafy greens, 2005 saw our first non-leafy green customer.
2005 – A new strategy was introduced aiming at a continuous transformation of ISS towards an Integrated Facility Services company.
2007 – Group revenue passed DKK 60 billion.
2008 – Introduction of ISS’s strategy plan “The ISS Way”, which is built on four strategic cornerstones: customer focus, people management, the IFS strategy and a multi-local approach.
2010 – Group revenue passed DKK 70 billion.
2013 – ISS is named world’s best outsourcing company as the International Association of Outsourcing Professionals ranks ISS as the #1 on its annual list of the world’s best outsourcing service providers – The Global Outsourcing 100.”
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