Authority Brands
Authority Brands, founded in 1966 and headquartered in Maryland, is a conglomerate of renowned brands operating in a variety of fields, such as pool repair, home care for the elderly, lawn care, and plumbing.
The home services market has been growing continuously for years, due to an aging population, an increase in the number of dual-income households, and the growing number of homeowners. This sector stands out for its resilience, especially for essential services, which account for around 60% of Authority Brands' offering.
Originally known as The Cleaning Authority, the company consolidated its growth through numerous acquisitions, such as Homewatch CareGivers, America's Swimming Pool Company, and Mosquito Squad.
In 2019, the group went from further strength to strength with three new acquisitions, followed by two more in 2020, which allowed Authority Brands to become a major player in the sector with 15 market-leading brands.
In 2022, Authority Brands reported revenue of $375 million, up 30% year-over-year.