Blue Dot., which started out as ServiCenter USA, is a roll-up consolidator with a different twist. They were founded in late 1997 by NorthWestern Growth Corp., the strategic investment and development arm of NorthWestern Corp., a business with extensive utility and other consumer services. Shortly after forming, they hired former Roto-Rooter president, Pat Johnson, as President and CEO. He teamed up with Senior Vice President and Chief Financial Officer, Joan Papadakis, in response to our questions. The interview took place via e-mail during late April.
PM: Where does Blue Dot. stand, as of this date, in number of companies purchased, projected annual revenues and profits, number of markets served, etc.?
Blue Dot.: We have purchased 40 companies with an annual run rate of $227 million. Companies under Letter of Intent (LOI) total an additional 18 with an annual run rate of $79 million. Net income margin is approximately 4.5 percent. We will cover 21 states and 35 markets when the LOI companies are closed.