Leading Home Service Franchise Group Continues to Expand Across the U.S. in Record NumbersCOLUMBIA, Md., Jan. 31, 2025 /PRNewswire/ -- Authority Brands, a franchise industry leader with an extensive portfolio of home service brands, announced today it added a total of 210 new franchise owners in 2024, an 11 percent year over year increase to grow the company's presence across 322 new territories. These results follow an impressive 2023 where Authority Brands saw a 60 percent increase in new franchise locations. This strong expansion solidifies the company's resilience across essential industries that homeowners and businesses are relying on to help them maintain and improve the quality of their lives with essential home services."We're ecstatic to expand the Authority Brands family with over 200 new franchise owners in 2024," said Jordan Wilson, Chief Development Officer at Authority Brands. "This milestone is a testament to the strength of our franchise development efforts, the resilience of our franchise models, and the commitment of our franchise owners and support teams

ServiceTitan, a vertical SaaS company, went public on Nasdaq on December 12, with its stock price rising 42% on the first day, reaching a market cap of $8.9 billion. Despite not being profitable, the company rushed its IPO due to an IPO ratchet clause from Series H investors like TPG, which required listing by May 22, 2024, to avoid additional stock issuance. ServiceTitan's 2024 revenue was $614 million with a net loss of $183 million, and its 2025 interim revenue was $363 million with a net loss of $91.7 million.

ServiceTitan, Inc. (NASDAQ: TTAN), the software platform that powers the trades, previously announced, in connection with its initial public offering,