Kinney Services Inc. was an American conglomerate company from 1966 to 1972. Its successor was Warner Communications. Kinney National's predecessors were Kinney Service Corporation and National Cleaning Contractors Inc., whose merger began in January 1966 and was completed in August of the same year. National Cleaning Contractors was founded in 1886 by Louis Frankel and Max Sweig as National Window Cleaning & House Renovating Co., and was later known as National House Cleaning Contractors Inc.

History

Formation and expansion

The company was formed on August 12, 1966, as Kinney National Services Inc., when the Kinney Parking Company and the National Cleaning Contractors Inc. were merged. The new company was headed by Steve Ross. Kinney National Services (later, National was removed from the company name in February 1971 ) was known for purchases and sales: On June 10, 1971, Kinney sold Riverside Memorial Chapel to Service Corporation International. Kinney also announced that it would form a new separate company focused on its parking and cleaning businesses; National Kinney Corporation was formally founded in September 1971. On November 22, 1971, Kinney Services also bought Television Communications Corporation (which was renamed as Warner Cable in 1973), including its recording studio operations of 1,210,500 common shares. Kinney National also owned wood flooring manufacturer Circle Floor from Seymour Milstein and Paul Milstein, when Kinney's predecessor bought it in 1964 for $15 million, with the Milsteins remaining as managers of the unit until 1971 before the sale.

Financial scandal

Due to a financial scandal involving price fixing in its parking operations, Kinney National spun off its non-entertainment assets on August 7, 1971 as the National Kinney Corporation, and renamed the remaining Kinney Services as Warner Communications Inc. on February 10, 1972. Steve Ross was the company's sole CEO, president, and chairman. Directors included Charles A. Agemian, the CEO of Garden State National Bank.