Tuesday, November 6, 2007
Plano-based Rug Doctor, the world leader in carpet cleaning rental machines, is sold
Looks like it might be time to put in that hardwood.
PLANO Rug Doctor, maker of the world's most popular brand of carpet cleaning rental machines, announced today that American Capital Strategies Ltd of Bethesda, Maryland has made a majority investment in the company. According to Rug Doctor, American Capital's investment will now enable Rug Doctor to aggressively accelerate its share of the market for high-end, consumer-owned cleaning machines, while also strengthening its leadership as the most widely distributed carpet cleaning rental machine in America today.
"Rug Doctor has pioneered the expansion of the steam cleaning machine rental market with the development of its professional-grade products and sophisticated nationwide servicing model," said Jeff MacDowell, American Capital Managing Director. "The company's success is supported by an attractive product offering of effective, affordable and easy to use carpet care and cleaning equipment and products and strong and long-standing relationships with the leading grocery, mass and Do-It-Yourself retailers."
Founded by a professional carpet cleaner back in 1972, Roger Kent built the first Rug Doctor machine in his garage. He sold it to a fellow professional, and then he built another one. Soon, Kent realized that there was also a growing demand among consumers who wanted the same cleaning power that professionals were using. Today, Rug Doctor has over $300 million in annual retail sales and over 42,000 retail outlets, and employs 700 people.
Source: Rug Doctor
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