<PAGE> 1
----------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
AMERICAN RESIDENTIAL SERVICES, INC.
(Name of Issuer)
----------------------
COMMON STOCK, PAR VALUE $.001 PER SHARE
(Title of Class of Securities)
----------------------
028911 10 5
(CUSIP Number)
----------------------
CONSOLIDATION EXPERTS LP
5051 WESTHEIMER ROAD, SUITE 1890
HOUSTON, TEXAS 77056-5604
(713) 572-1833
(Name, Address and Telephone Number
of Person Authorized to Receive Notices
and Communications)
----------------------
MARCH 26, 1999
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a
statement on Schedule 13G to report this
acquisition that is
the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4),
check the following box: [ ].
----------------------
Page 1 of 11 Pages.
<PAGE> 2
Page 2 of 11 Pages
<TABLE>
<CAPTION>
CUSIP NO.: 028911 10 5
SCHEDULE 13D
<S> <C>
===============================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
Consolidation Experts LP
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [XX]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 Sole Voting Power
0
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,128 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.13% (See Item 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
===============================================================================
</TABLE>
<PAGE> 3
Page 3 of 11 Pages
===============================================================================
CUSIP NO.: 028911 10 5
<TABLE>
<CAPTION>
SCHEDULE 13D
<S> <C>
===============================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
Consolidation Experts LLC
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [XX]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 Sole Voting Power
0
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.00%* (See Item 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
===============================================================================
</TABLE>
*Less than 0.01%.
<PAGE> 4
Page 4 of 11 Pages
<TABLE>
<CAPTION>
CUSIP NO.: 028911 10 5
SCHEDULE 13D
<S> <C>
===============================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
C. Clifford Wright, Jr.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [XX]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 Sole Voting Power
200,456
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
200,456
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
445,783 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.81% (See Item 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
===============================================================================
</TABLE>
<PAGE> 5
Page 5 of 11 Pages
<TABLE>
<CAPTION>
CUSIP NO.: 028911 10 5
SCHEDULE 13D
<S> <C>
===============================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
William P. McCaughey
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [XX]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 Sole Voting Power
200,730
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
200,730
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
331,807 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.09% (See Item 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
===============================================================================
</TABLE>
<PAGE> 6
Page 6 of 11 Pages
<TABLE>
<CAPTION>
CUSIP NO.: 028911 10 5
SCHEDULE 13D
<S> <C>
===============================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
Ronald R. McCann
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [XX]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 Sole Voting Power
202,000
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
202,000
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
244,000 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.54% (See Item 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
===============================================================================
</TABLE>
<PAGE> 7
Page 7 of 11 Pages
<TABLE>
<CAPTION>
CUSIP NO.: 028911 10 5
SCHEDULE 13D
<S> <C>
===============================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
Wes Lewis
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [XX]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 Sole Voting Power
320,000
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
320,000
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
320,000 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.01% (See Item 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
===============================================================================
</TABLE>
<PAGE> 8
Page 8 of 11 Pages
<TABLE>
<CAPTION>
CUSIP NO.: 028911 10 5
SCHEDULE 13D
<S> <C>
===============================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
A. Jefferson Walker
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [XX]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 Sole Voting Power
3,166
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
3,166
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,766 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.19% (See Item 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
===============================================================================0
</TABLE>
<PAGE> 9
Page 9 of 11 Pages
<TABLE>
<CAPTION>
CUSIP NO.: 028911 10 5
SCHEDULE 13D
<S> <C>
===============================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
Rosario P. Schembari
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [XX]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 Sole Voting Power
5,085
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,085
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,753 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.20% (See Item 5)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
===============================================================================
</TABLE>
<PAGE> 10
Page 10 of 11 Pages
AMENDMENT NO. 1
TO STATEMENT ON SCHEDULE 13D
This Amendment No. 1 to Statement on Schedule 13D is being filed by
Consolidation Experts LP, Consolidation Experts LLC, C. Clifford Wright, Jr.,
William P. McCaughey, Ronald R. McCann, Wes Lewis, A Jefferson Walker III and
Rosario P. Schembari (sometimes individually, a "Reporting Person," and
collectively, the "Reporting Persons"), who may be deemed to comprise a group
under Rule 13d-5(b) of the Securities Exchange Act of 1934, as amended
("Exchange Act"), and supplements and amends the Statement on Schedule 13D
originally filed with the Commission on January 14, 1999 (the "Statement").
This Amendment No. 1 relates to the beneficial ownership of shares of
common stock, par value $.001 per share (together with associated common stock
purchase rights, "Common Stock"), of American Residential Services, Inc., a
Delaware corporation ("ARS"). The principal executive offices of ARS are
located at Post Oak Tower, Suite 725, 5051 Westheimer Road, Houston, Texas
77056-5604.
Item 4. Purpose of Transaction.
Since filing the Statement, Consolidation Experts sold $500,000
principal amount of the Notes on the open market that were convertible into
19,608 shares of Common Stock at a conversion price of $25.50 per share.
In addition, on March 23, 1999, ARS publicly announced that it has
entered into a definitive agreement with The ServiceMaster Company
("ServiceMaster") under which ServiceMaster will acquire ARS. Under the terms
of the agreement, a subsidiary of ServiceMaster will initiate a cash tender
offer for all of the outstanding shares of ARS common stock at a price of $5.75
per share. Following the cash tender offer, and subject to the terms and
conditions of the agreement and stockholder approval, if necessary, the
ServiceMaster subsidiary will be merged with ARS and, as a result, ARS will
become a wholly owned subsidiary of ServiceMaster. Based on ARS' recent stock
price performance and publicly available information regarding the offer, the
Reporting Persons presently intend to tender their shares in connection with
the offer.
Item 5. Interest in Securities of the Issuer
(c) Except for the sale by Consolidation Experts of (i) $250,000
principal amount of Notes on March 26, 1999 for $230,857.64, including accrued
interest, and (ii) $250,000 principal amount of Notes on April 5, 1999 for
$231,210.07, including accrued interest, the Reporting Persons have not acquired
or disposed of any shares of Common Stock or securities convertible into Common
Stock during the past sixty days.
<PAGE> 11
Page 11 of 11 Pages
SIGNATURES
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned hereby certifies that the
information set forth in this statement is true, complete and correct.
Dated: April 7, 1999.
Consolidation Experts LP, by its General Partner
Consolidation Experts LLC
By: /s/ C. Clifford Wright, Jr.
----------------------------------------
Name: C. Clifford Wright, Jr.
Title: Authorized Representative
/s/ C. Clifford Wright, Jr.
--------------------------------------------
C. Clifford Wright, Jr.
/s/ William P. McCaughey
--------------------------------------------
William P. McCaughey
/s/ Ronald R. McCann
--------------------------------------------
Ronald R. McCann
/s/ Wes Lewis
--------------------------------------------
Wes Lewis
/s/ A. Jefferson Walker III
--------------------------------------------
A. Jefferson Walker III
/s/ Rosario P. Schembari
--------------------------------------------
Rosario P. Schembari
