Pest Control Private Equity and Search Funds, A Public Service Announcement

This is a friendly message to those in the private equity and search fund space, in hopes to save you (and us) a lot of time.

The pest control industry is a great business and I am very happy that you have interest in it.

We are contacted on a daily basis by private equity firms and search funds looking to get into the pest control industry. On very rare occasions (perhaps once per year), we include non-strategic acquirers to process. In the current environment (May 2018), it is almost impossible for financial buyers to compete with strategics. [Read more…]

Pest Control Mergers & Acquisitions (M&A) – Weekly Commentary – May 21, 2018

In this week’s commentary, we’ll be discussing:

  • Market Overview // Rentokil Acquires PCT Top 100 Advanced Pest Management
  • The Long Read: Should You Knock Doors? The Economics of Door-to-Door Sales
  • What Do You Really Need in Terms of M&A Tax Advice?

[Read more…]

Rentokil Acquires Advanced Pest Management, a PCT Top 100 Company

Potomac is pleased to announce the acquisition of its PCT Top 100 client, Elkton, Maryland-based Advanced Pest Management (APM) — $6.9 million in revenue — by Rentokil Steritech. The acquisition further expands Rentokil Steritech’s density in the Northeastern U.S. market. Terms of the deal were not disclosed.

Established in 1964 by the Kreer family, APM  was sold to Jeremy and Nam Kreer, President and Regional Account Executive of APM respectively, in 2003. The business has built a long-standing reputation as a provider of outstanding customer service to homeowners and businesses from southern New Jersey through Delaware to Baltimore, Maryland. [Read more…]

Should You Knock Doors? The Economics of Pest Control Door-to-Door Sales

Illustration Credit: PCT Magazine, Feb 2016

Since PCT Magazine printed its February 2016 cover story, “Who’s Knocking at Your Door?” [Download it here: PCT Whos Knocking at Your Door], I’ve received a litany of questions on door-to-door sales. This article was printed on the heels of the ServiceMaster acquisition of Alterra, which, at the time, was the largest door-to-door (“D2D”) pest control company on the globe, having gone from $0 to $75 million in the three years prior to the acquisition.

In 2017, we estimate that approximately $150 million in pest control revenue was sold on the doors in North America.

I find that most of you fall into two broad camps when it comes to door-to-door sales: [Read more…]

Pest Control Mergers & Acquisitions (M&A) – Weekly Commentary – May 15, 2018

In this week’s commentary, we’ll be discussing:

  • Market Overview – 15 May 2018
  • Anticimex’s acquisition of Killingsworth Environmental in Charlotte
  • Potomac’s new European HQ in Switzerland
  • Meetings in Madrid in May

[Read more…]

Anticimex Acquires Killingsworth Environmental

The Potomac Company is pleased to announce the acquisition of its client, Killingsworth Environmental (“Killingsworth”) in North Carolina, by Anticimex. Headquartered in Charlotte, N.C., Killingsworth operates in South and North Carolina and has a strategic position in one of U.S. fastest-growing geographies. With the acquisition of Killingsworth, Anticimex further strengthens its market position on the U.S. east coast as well as creates a platform for further long-term growth in the Carolinas. Killingswoth has 180 employees and is a $21 million firm. [Read more…]

Environmental Pest Control Acquires Advance Pest Control Service

 

Environmental Pest Control, leader in safe and reliable pest control in Southern Ontario since 1988 has acquired Advance Pest Control Services, located in Orangeville, Ontario. Bringing together their combined 60+ years of experience, Environmental Pest Control (EPC) and Advance Pest Control Services (Advance) will continue to offer exceptional customer service and eco-friendly pest control solutions for bed bugs, cluster flies, mice, rats, ants, cockroaches, boxelder bugs, pineseed bugs, Asian lady beetles, spiders, pantry pests, millipedes, centipedes, earwigs, mosquitoes, ticks, wasps and hornets. [Read more…]

Anticimex Acquires Turner Pest Control

Anticimex continued expansion in U.S. with the acquisition of Turner Pest Control.

Headquartered in Jacksonville, Fla,  with offices throughout the state, Turner is a leading pest management firms in northeast Florida, ranking 48th on last year’s PCT Top 100, with reported 2016 year-end revenue of $16.8 million. [Read more…]

ServiceMaster to Acquire Copesan for $150 Million

On February 26, 2018, ServiceMaster entered into an agreement to purchase and combine its Terminix national account pest control operations with Copesan Services, Inc., one of the largest national providers of commercial pest management in the country.

The preliminary purchase price of approximately $150 million, comprised of approximately $100 million due at closing and $50 million due on the third anniversary of closing.

This combination would significantly improve Terminix’s capabilities in commercial pest control as Copesan, under its brand, would provide us with significant expertise, reputation and processes for delivering pest management solutions to sophisticated commercial customers. The transaction is expected to close in the next 30 to 45 days, subject to satisfaction of customary conditions and regulatory approval.

 

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…]