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In 2018, the American Home Shield business was spun off under Frontdoor, Inc., a new, publicly traded company on the NASDAQ (ticker symbol FTDR). American Home Shield serves over 2 million customers across 49 states and the District of Columbia. It is one of the largest home warranty providers in the United States.
In the 1980s, the company acquired several branch and franchise-based service companies, including Terminix, TruGreen (1991), [6] Merry Maids (1988), [7] and American Home Shield (1989). [8] A group of equity sponsors led by Clayton, Dubilier & Rice (CD&R) acquired ServiceMaster in July 2007 and took the company private. [9]
The company was founded by Larry A. Mizel as Mizel Development Corporation in 1972. [3] The first homebuilding subsidiary began operation in 1977, primarily building single-family homes. [4] The company was ranked 12 on the annual Builder 100 list published by Builder Magazine in 2021. [5] MDC debuted on the New York Stock Exchange in 1984. [6]
Home warranty companies impose dollar limits per repair, per item or per year. These restrictions can vary greatly by provider. You’ll have to pay a service call fee each time you have an issue.
First American Title had its initial public offering on the over-the-counter market in 1964 and, four years later, was restructured with the formation of The First American Financial Corporation as a holding company. First American Title became a subsidiary company and a trust business was conducted through First American Trust Company.
As for Brown, in the end, KSL News reports he got his $3,000 after the local broadcaster contacted the home warranty company. The company did not immediately respond to a request for comment.
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