MEMPHIS, TENN. — American Home Shield, the largest home warranty company in the nation, today announced the closing of its acquisition of HSA Home Warranty. Company officials announced in early November that a purchase agreement had been signed and were awaiting final regulatory approval to close the deal.
Leaders of both companies believe this new relationship will create important growth and expansion opportunities in the industry, as well as in each brand.
“This is an important development, not only for our two businesses but also for the entire home warranty industry. We are bringing together the power of these two great companies to grow the overall market by increasing awareness about the value that home warranties provide,” said Mark Barry, president of American Home Shield, a business unit of The ServiceMaster Company, LLC, one of the world’s largest residential and commercial service networks.
“We intend to leverage the power of each of these great brands to accelerate our pace of growth in strategic markets,” he said. “Like us, HSA Home Warranty is known for providing reliable, quality service to its customers, and for building strong relationships in the real estate community. This acquisition will allow each brand to build on its strengths, and at the same time, share best practices in a way that will allow us to more effectively reach – and serve – even more homeowners.”