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…]