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Roark Capital seals buyout of The Home Service Store

12 Sep 2012

Atlanta-based private equity firm Roark Capital Group has bought The Home Service Store (HSS).

The Home Service Store’s management team, led by CEO Mark Ilderton, will remain with the business.

Financial terms of the deal were not disclosed.

The Home Service Store makes, sells and installs do-it-for-me home improvement projects in the US on behalf of several large home improvement and general merchandise “Big Box” retailers.

Headquartered in Kennesaw, Georgia, HSS maintains a network of more than 700 independent dealers and installers, and facilitated over 39,000 installation projects last year.

Robert Sheft, a Roark Capital Group managing director, led the transaction for Roark and will serve as executive chairman.

Prior to joining Roark, Sheft founded and served as chairman and CEO of RMA Home Services, which sold, furnished and installed replacement windows and siding on behalf of The Home Depot.

RMA was sold to Home Depot in 2003.

Roark Capital has raised more than $460m for its latest mid-market fund, which is targeting $1.25bn, according to a filing with the US Securities & Exchange Commission in April.

It has over $1.5bn of capital under management, and concentrates on investments in family-owned business transfers, management and corporate buyouts, recapitalisations and take-private deals.

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