ServiceMaster to buy American Residential Services

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Downers Grove, Ill. -- ServiceMaster announced Tuesday that it will acquire Houston-based American Residential Services, which provides heating, ventilation, air-conditioning, plumbing and electrical services in homes and commercial buildings. The acquisition will complement ServiceMaster's RescueRooter plumbing business. The total acquisition will cost about $92 million in cash and $180 million in assumed debt.
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