Orkin Acquires Banks Pest Control

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Potomac is pleased to announce the sale of its client, Banks Pest Control, of Bakersfield, CA, to Rollins, Inc., the parent company of Orkin.

Banks Pest Control was founded by Orland Banks in 1969. What began as a one-man shop grew to a company of over 40 employees and one of the largest privately held pest control companies in the southern region of the San Joaquin Valley.

The terms of the transaction were not disclosed.

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About Paul Giannamore

Managing Director at The Potomac Company where I head the firm's strategy consulting and investment banking practice. I edit The Potomac Pest Control Executive, a newsletter read by over 10,000 pest control professionals in over 25 countries (you can subscribe to it below). In a nutshell, I do two things: (1) advise shareholders and senior management of pest management firms on creating value in their businesses, (2) advise sellers on the sale of their businesses. I am a certified and accredited business appraiser, a graduate of Cornell University and I speak Italian, Spanish, Arabic and broken French. Join me on LinkedIn and Join me on Google+