EverSmith Brands, a notable platform of B2B service-based franchise companies, has announced the acquisition of Prism Specialties, a leading provider of specialty restoration services. This acquisition positions EverSmith Brands to further diversify and strengthen its portfolio, which already includes renowned brands like U.S. Lawns, Clintar, Kitchen Guard, and MilliCare.

The acquisition comes at a time when the franchising industry is projected to grow significantly. According to the 2024 IFA Economic Outlook Report, the industry’s economic output is expected to increase by 4.1%, reaching a total of $893.9 billion. This growth underscores the strategic timing of EverSmith Brands’ expansion efforts.

Since its inception in 1993, Prism Specialties has carved a niche in the market by offering comprehensive restoration services across electronics, textiles, art, and documents. With 103 franchised territories in 37 states, Prism Specialties brings a strong reputation and over 30 years of experience to the EverSmith Brands platform.

Ken Hutcheson, CEO of EverSmith Brands, remarked on the acquisition, “Prism Specialties represents an ideal fit for EverSmith Brands as we pursue our vision of building the industry-leading franchise platform for commercial property services.” Chris Ring, CEO of Prism Specialties, also expressed enthusiasm about the acquisition’s potential, stating, “This strategic move aligns with our current vision for evolution and innovation, and together with EverSmith Brands and the Riverside Company, we’re excited to accelerate our trajectory and continue adding value to the lives of our franchisees, employees, and customers.”

The acquisition is expected to enhance EverSmith Brands’ capabilities in delivering high-quality service and supporting accelerated, profitable growth for franchise owners.

By leveraging the latest technology and best practices, EverSmith is dedicated to maintaining the highest standards of service that customers and franchisees expect.

This acquisition by EverSmith Brands is a calculated move to capitalize on the growing demand for specialized restoration services. By integrating Prism Specialties’ extensive expertise and established market presence, EverSmith is poised to enhance its service offerings and further solidify its position as a leader in the commercial facilities sector. The synergy between EverSmith’s operational excellence and Prism’s specialized capabilities is expected to drive innovation and superior customer service across their combined network.

  Acquisition, B2B franchise companies, commercial property services, EverSmith Brands, Prism Specialties, specialty restoration services