PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Politis Communications

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Craig Donaldson President of Chem-Dry Joins Five Star Painting’s Board of Directors - Donaldson also makes private investment in Five Star, the 2nd largest painting company in the world (NYSE: HD)
Craig Donaldson President of Chem-Dry Joins Five Star Painting’s Board of Directors

 

NewswireToday - /newswire/ - Draper, UT, United States, 2008/05/23 - Donaldson also makes private investment in Five Star, the 2nd largest painting company in the world (NYSE: HD).

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Franchise/Biz Opportunity Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Five Star Painting Inc., a leading painting franchise system, today announced Craig Donaldson has joined its Board of Directors, while also making a strategic personal investment in Five Star Painting. Donaldson is the president of Chem-Dry, a wholly-owned subsidiary of The Home Depot, Inc.

With more than 2,600 U.S. and 1,500 international franchises operating in nearly 50 different countries, Chem-Dry is the world’s largest provider of carpet and upholstery cleaning services.

“I have seen few service industry companies with a future as promising as Five Star Painting,” Donaldson said. “In just a few years, they have gone from being a single location company to the second largest painting business franchisor in the world in just a few years. This is a real testament to the management team of Five Star Painting, their technology, their commitment to franchisees and their growth, and that’s why I’ve made a private investment in the company. I’m also honored to join their board and look forward to helping Five Star Painting continue down the path of becoming a world leader in the service industry.”

Donaldson has led Chem-Dry as its president for 10 years. During this time, the company has been owned by two private equity firms: Summit Partners (for five years) and Nautic Partners (for three years). Donaldson led the sale of ChemDry from Nautic Partners to The Home Depot in January 2006, and continues to help the company with ownership transition and integration into The Home Depot.

In March 2006, the Association for Corporate Growth (ACG) Utah honored Donaldson and his company with the Deal Maker of the Year award for the successful sale of Chem-Dry by a private equity firm to Home Depot. Before joining Chem-Dry in 1997, Donaldson had a successful career with Avery Dennison, spending the better part of 13 years in Southern California and Boston as a business leader for Avery Dennison.

“Craig Donaldson is one of those few business leaders who really have ‘been there, done that,’ and I’m confident he will have a big impact on our company,” said Scott Abbott, CEO of Five Star Painting. “He knows how to grow a successful service-industry franchise, and we know he will be a leading contributor to our plans as we rapidly expand. We are honored to have Craig as a board member and a shareholder and plan to maximize his experience on behalf of our franchisees and our company in a variety of exciting ways.”

About Chem-Dry

Chem-Dry (Chemdry.com) is the world’s leading carpet and upholstery cleaning service. Its proprietary cleaning technology makes it the cleanest, driest and healthiest way to clean carpets and upholstery. With nearly 4,000 franchises across the globe, Chem-Dry cleans an estimated one billion square feet of carpet each year.

About The Home Depot

Founded in 1978, The Home Depot® is the world’s largest home improvement specialty retailer and the second largest retailer in the United States, with fiscal 2004 sales of $73.1 billion. The company employs approximately 325,000 associates and has 2,012 stores in all 50 states, the District of Columbia, Puerto Rico, 10 Canadian provinces and Mexico. The company has announced plans for retail expansion into China. The Home Depot has been recognized by FORTUNE as the No. 1 Most Admired Specialty Retailer for 2005. Its stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

About Five Star Painting Inc.

Formed in 2001 and franchising since 2005, Utah-based Five Star Painting Inc. (fivestarpaintingfranchise.com) has grown to more than 50 franchises in North America, with operations in the U.S., Canada and Mexico. Five Star Painting offers its franchisees access to software, a 24/7 call center, marketing, training and management support. Five Star Painting customers receive a Five Star job without a five star price. As one of the fastest-growing franchises in the service industry, Five Star Painting works with industry leaders to deliver business opportunities to entrepreneurs committed to a high level of customer service.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Franchise/Biz Opportunity Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Politis Communications

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Franchise Biz Opportunity - Franchising.com is very welcome to link this article from their website as well as all previous ones and name PRZOOM - PRTODAY / NewswireToday as one of their sources. Franchising.com is one of those numerous websites caught using others content without offering link back to the original source. Google™ should take necessary action and remove Franchising.com from Google™ News.

 
  Your Banner Ad showing on ALL
Franchise/Biz Opportunity articles,
CATCH Visitors via Your Competitors Announcements!


Craig Donaldson President of Chem-Dry Joins Five Star Painting’s Board of Directors

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Jon Hawkins 
801-523-3730 jbacon[.]politis.com/jhawkins[.]politis.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Politis Communications securities in any jurisdiction including any other companies listed or named in this release.

Franchise/Biz Opportunity via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Politis Communications / Company Profile


Read Franchise/Biz Opportunity Most Recent Related Newswires:

Minnesota Company Begins Nationwide Franchising Effort
Israel’s Leading Business Promotion Group to Visit India in July
GE Capital Provides Serazen with Financing to Acquire 50 Hardee’s Units
GE Capital Provides Financing to Boston-Area Domino’s Franchisee
New Japanese Service FranchiseMeets Named and Quoted in FIM Keynote Address
Nashville Investors Acquire the Master Franchise Rights to a Fast Growing Home Care Company
GE Capital Finances Acquisition of 26 Denny’s Restaurants
GE Capital Finances Expansion of Planet Fitness Franchisee PF Growth Partners
GE Capital Lends $45 Million to Largest McAlister’s® Deli Franchisee The Saxton Group
Jantize America Expands into Lehigh Valley, Pennsylvania
FranVest Management EB-5 Direct Investment Managed Franchise Program Provides Proof of Concept
GE Capital Provides Financing to Houston Popeyes Franchisee Z&H Foods
GE Capital Provides $37.5 Million Credit Facility to Specialty’s Café & Bakery
GE Capital Finances Acquisition of 16 IHOP® Units by Romulus, Inc.
GE Capital Leads $95 Million Financing for Restaurant Franchisee JIB Management

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)