Morgan Keegan announces the sale of InStar Services Group, LP (“InStar” or the “Company”), a subsidiary of The ServiceMaster Company, to BlackEagle Partners, LLC, a private equity firm with offices in New York and Bloomfield Hills, Mich. The transaction closed on August 19, 2008.
Based in Fort Worth,
Texas, InStar is a leading national provider of disaster response, insurance
restoration and reconstruction services operating from 14 branches throughout
the United States. In addition to disaster response, services include response
to regularly occurring incidents, such as fires, floods, water-line breaks and
storm damage in order to return damaged property to its pre-loss condition.