About This Deal

CHEMED CORP acquired Roto-Rooter franchise (Bloomington, Indiana) for $2.2 million, a transaction completed in June 2020, structured as all cash. The deal was a Asset purchase (franchise buy-back).

Roto-Rooter franchise (Bloomington, Indiana) operates in Roto-Rooter (plumbing and drain cleaning), is based in Bloomington, Indiana. Roto-Rooter completed the acquisition of a Roto-Rooter franchise and the related assets in Bloomington, Indiana, continuing its program of buying back independent franchise territories.

"to increase our market penetration."

Roto-Rooter Services Company company-owned branch

Deal Terms

Acquirer
CHEMED CORP
Target
Roto-Rooter franchise (Bloomington, Indiana)
Value
$2.2 million
Date
June 2020
Type
Asset purchase (franchise buy-back)
Status
Ready

Transaction Details

Target HQ
Bloomington, Indiana
Segment
Roto-Rooter (plumbing and drain cleaning)
Structure
All cash
Closed
June 1, 2020

In Their Words

On June 1, 2020, we completed the acquisition of a Roto-Rooter franchise and the related assets in Bloomington, IN for $2.2 million in cash.Chemed FY2020 10-K, Acquisitions note

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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