ServiceMaster Selects Flintco as General Contractor for New Global Headquarters

Monday, February 27, 2017

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Service Master Holdings, (NYSE:SERV), a leading provider of essential residential and commercial services, today announced the selection of Flintco LLC as general contractor for the renovation and construction of ServiceMaster's new global headquarters in downtown Memphis.

Flintco will provide general contracting and construction services, including estimating, procurement of subcontractors and diversity efforts, safety management and project management, management of daily activities for the build-out of the headquarters.

"We're pleased to be working with Flintco," said Terry Ingram, vice president of supply management for ServiceMaster. "We completed a very detailed bidding process, and Flintco demonstrated an exceptional record of success, true dedication to safety and an unwavering commitment to supplier and subcontractor diversity." ServiceMaster will occupy the former Peabody Place mall adjacent to the historic Peabody Hotel and join the revitalization of the city's downtown. Approximately 1,200 employees and contractors are expected to move in at the end of 2017.

The total project includes $35 million in renovations. ServiceMaster has committed to spending at least 20 percent of its cost with local minority- and women-owned businesses, but expects to exceed this goal. Flintco""well known for its work in Memphis and its diversity mentorships""will select and manage the various subcontractors as part of the build-out of ServiceMaster's new global headquarters.

Flintco Vice President and Area Manager, Tim Weatherford said, "Flintco is excited about partnering with ServiceMaster to help change the landscape of Downtown Memphis. Like ServiceMaster, Flintco is working continuously to improve and innovate how we deliver projects. The new headquarters is a great opportunity to showcase our ability to work with a global partner to create a facility that is unique to Memphis." The property is one of the portfolio properties of Belz Enterprises, a leading real estate developer and property management firm with more than 60 years of history in the greater Memphis area. Belz Enterprises is currently managing exterior renovations and interior updates to repurpose the four-level, 328,000-square-foot structure into Class A office space using as many LEED standards as possible.

Last December, Flintco was also named general contractor for ServiceMaster's new IT Innovation Center""located in the lower level of the new headquarters (former the location of a Tower Records store). The 20,000-square-foot collaborative workspace will serve as the hub for the company's efforts to transform the residential and commercial services industry; serve as an incubator for local entrepreneurs and IT developers; and will include rentable co-working space. Construction of the space is already underway and that space is expected to open in the second quarter of 2017.

About Flintco Flintco has been serving Memphis for over 30 years with their local office, with headquarters in Tulsa, Okla., Flintco is one of the leading commercial contractors in the nation. Since its formation in 1908, the company has expanded to handle construction projects in a diverse set of markets ranging from aviation and corporate to healthcare, government and utilities. It has won numerous awards for its safety performance.

About ServiceMaster ServiceMaster (NYSE: SERV) solves the homeowner's dilemma. Every day, we visit more than 75,000 homes and businesses through our extensive service network of expert professionals. Technology powers our trusted experts to engage with customers so they can order, buy and receive services when, where and how they want them. Our well-recognized brands include American Home Shield (home warranties), AmeriSpec (home inspections), Furniture Medic (furniture repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster Restore (disaster restoration) and Terminix (termite and pest control).

ServiceMaster Clean ranks #99 on 2017 franchise 500 list.
AmeriSpec ranks #384 on 2017 franchise 500 list
Furniture Medic ranks #436 on 2017 franchise 500 list
Merry Maids ranks #33 on 2017 franchise 500 list

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