Rentokil Acquires Leading Vector Disease Control Company

The Potomac Company is pleased to announced the acquisition of its client, Vector Disease Control, LLC (“VDA”), North America’s largest provider of mosquito control services, by Rentokil North America. This acquisition is Rentokil’s largest US acquisition since it acquired Steritech in late 2015.

Headquartered in Little Rock, Arksansas, VDA operates from 52 offices in 32 states and the Caribbean and generates over $47 million per year in revenue. [Read more…]

Anticimex Acquires Modern Pest Services

The Potomac Company is pleased to announce the acquisition of its client, Modern Pest Services, by Anticimex.

Modern Pest Services, a family owned pest control company founded in 1945 is based in Brunswick, Maine. Modern Pest is the independent market leader in the New England market and provides high quality pest control and wildelife services to residential and commercial customers in Maine, New Hampshire, Vermont, Rhode Island and Massachusetts.

[Read more…]

Anticimex Acquires Viking Pest Control

Anticimex Group today announces its continued expansion in the US with the acquisition of New Jersey based Viking Pest Control, number 28 on industry magazine PCT’s list of the top 100 pest control companies in the US.

Viking was founded in 1980 by Ed and Eileen Bradbury. Their tireless commitment to grow their family business lead Viking to become the leading provider of residential and commercial pest control in New Jersey and other states in the region. Ryan and Dan Bradbury, both members of the founding family, will remain with the company as President and Vice President respectively. Ed will remain on as a consultant. Viking will continue to operate under its current brand as part of the Anticimex Group.

The acquisition is part of Anticimex’s strategy to expand in the Northeast and Mid-Atlantic regions of the United States. Including the acquisition of Viking, Anticimex has made a total of five acquisitions in New York, New Jersey, Pennsylvania, Delaware, Maryland and Virginia in the last twelve months and continues to look for further growth opportunities in the region with the help of Ryan, Ed and Dan.

Commenting on today’s announcement, Jarl Dahlfors CEO and President of Anticimex Group:

“I am very happy to announce the acquisition of Viking today and to welcome Ed, Ryan, Dan and all the Viking employees into the Anticimex family. We identified Viking early on as a premier, high-quality company with a stellar reputation in the industry and outstanding track record of growth. Viking has developed a strong, dynamic and visionary leadership team. I look forward to working together with Ryan and the team to realize the full potential of Viking and seeing it prosper as part of Anticimex. The acquisition of Viking represents a major step in our ambition to build a strong operation in the Northeast and Mid-Atlantic regions of the US.”

Ryan Bradbury, President of Viking Pest Control, commented on the transaction:

“The sale of our family business is a decision that affects every branch in your family tree, including our employees that really are an integral part of our family, and we did not take it lightly.  The opportunity that Anticimex provided us was truly unique and came at the right time.  We know Viking will still feel like home for everyone here because Anticimex clearly recognizes the exceptional value of our company and our employees. We look forward to working hand in hand with the Anticimex team to grow Viking going forward, and we feel very confident that the future will be promising and beneficial for both our loyal customers and employees.”

Rentokil Acquires Heron Home & Outdoor

Rentokil North America has broadened its footprint in the Southeastern US through the acquisition of Heron Home & Outdoor based in Apopka, Florida.

Heron, founded in 2002, is largely a lawn care business (over 2/3 of total revenue is lawn, tree and shrub). The firm has continued to experience rapid growth (20%+ per year) since inception. In 2010, Heron generated $6,651,184 in total revenue growing to over $20 million at the time of the closing.

While you may find it a curious acquisition for Rentokil given that it’s largely a lawn care business, Rentokil didn’t have much of a footprint in Florida and if you’re going to be in the state of Florida, the conventional wisdom is that you have to do lawn as well.

The terms of the transaction were not disclosed.

 

Potomac Announces Strategic M&A Transaction for Catseye to Fund Future Growth of the Brand

Catseye USA Team

The Catseye USA team (Catseye Pest Control’s parent / media company). I am in the mix as well. They say a camera adds 10 pounds to you, apparently they had 3 or 4 cameras on me.

Well, the cat’s out of the bag…(sorry, that’s something my father would say while the rest of us would just roll our eyes… I guess I’m getting old) ServiceMaster is now the proud owner of certain assets of the Catseye family — a PCT Top 100 pest control company.

To the outside world, this looks like a simple transaction. [Read more…]

Terminix Acquires Alterra Pest Control a Top 15 US Pest Control Company

Terminix Aquires Aterra Potomac Pest Control Acquisitions

Emergent Pest Control Company Provides Further Momentum in Residential Services Market 

The Potomac Company is pleased to announce that Terminix®, the leading provider of termite and pest control services in the United States, has acquired the assets of its client Alterra Pest Control. Founded in 2012, Alterra is one of the 15 largest pest control companies in the U.S. Led by entrepreneur David Royce, the company has been consistently recognized for its success by pest control industry thought leaders and media. Alterra reported $45 million in revenue in 2014 and was generating revenue greater than $70 million at the time of the transaction. [Read more…]

Scotts to Acquire PCT Top 100 Action Pest Control for $22.7 Million

Scotts LawnService Acquirers Action Pest Control

The Potomac Company is pleased to announce the acquisition of Action Pest Control, Inc. — one of the largest privately-held pest control businesses in the midwestern United States — by its client Scotts LawnService (“Scotts”). Scotts is a subsidiary of The Scotts Miracle-Gro Company (NYSE: SMG), a $3.8 billion publicly traded company and the world’s leading marketer of branded consumer lawn and garden products.

On October 16, 2014, Scotts LawnService entered into a definitive agreement to acquire the assets of Action Pest Control, Inc. (“Action Pest”), a residential and commercial pest control provider in the Midwest for $22.7 million. The initial purchase price accounting for the Action Pest acquisition will be determined during the first quarter of fiscal 2015.

[Read more…]