From Humble Beginnings to Industry Leader.
What began as a small painting business more than 50 years ago has grown into a nationwide leader in the cleaning and restoration industry with more than 2,000 locations.
A Family-Owned Business
In 1967, SERVPRO began as a painting business owned by Ted and Doris Isaacson in Sacramento, California. Within a short time, they leveraged their background in cleaning and restoration to grow their company by offering franchises in the cleanup and restoration industry.
They sold their first franchise in 1969, and SERVPRO grew steadily. Ten years later, they were able to acquire the Bristol-Myers Domesticare Division and its 175 franchises.
By 1988, the Isaacsons had built SERVPRO into a thriving company with 647 locations. They decided it was time for further expansion and relocated the company from Sacramento to Gallatin, Tennessee. This strategic move put SERVPRO in a more centrally located area within 600 miles of 50 percent of the U.S. population. It wasn’t long before SERVPRO proved itself to be a major asset to its new community, and it was named the “Small Business of the Year” by the Nashville Business Journal in 1991.
A Solid Future
SERVPRO continued to grow into the new century, and in 2005 moved to a 140,000-square-foot, state-of-the-art facility in Gallatin to provide more room for expansion. Today, SERVPRO has more than 2,000 locations nationwide and has become a leader in the cleaning and restoration business. SERVPRO offers a solid business model to entrepreneurs looking for a recession-proof opportunity.
In March 2019, the investment firm Blackstone acquired a majority stake in SERVPRO. True to its beginnings, it remains a family-owned business. The Isaacson family will continue to be significant shareholders into the future. According to Rick Isaacson, SERVPRO Chief Executive Officer, “SERVPRO was founded over 50 years ago with the vision of becoming the premier cleaning and restoration company, and we believe this partnership with Blackstone is a vital next step toward this goal.”
Highlights in SERVPRO History
1967
A Clean Start
Ted and Doris Isaacson start SERVPRO as a small painting business in Sacramento, CA. Using their background in cleanup and restoration, they decide to become a franchiser for specialists in this industry.