Rentokil Steritech Acquires Innovative Pest Management of North Carolina

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The Potomac Company is pleased to announce the acquisition of its client, Innovative Pest Management, by Rentokil Steritech.

Innovative was founded by Ronnie and Rhonda Caldwell in 1999 and has grown to be one of the largest privately held pest control businesses in the Lake Norman area, north of Charlotte, NC.

Ronnie and Ronnie commented on the transaction, “Finding someone that would actually deliver on their promises was a huge concern. Payment being one of those, but making things better for our employees was a major concern. People make the difference and we wanted to make sure that they had future opportunities. Rentokil offered those opportunities to our staff and has delivered on its commitments. We appreciate Rentokil’s professionalism throughout the entire transaction.”

Paul Giannamore, Managing Director at Potomac said: “The Caldwells have built a great business and it was a perfect entry acquisition for Rentokil into the North Carolina marketplace. Like many sellers today, Ronnie and Rhonda built a great business at a young age and will be able to invest those proceeds into a new chapter of their lives. I am excited to see what’s next for them.”

In working with Potomac, Ronnie and Rhonda commented:

When we thought about selling the business, it was tough considering all the different facets that were
before us. Finding someone that
we could trust was very important.

Paul Giannamore is a true professional with an amazing mind and skillset. The trust that we had in him to get this done was like no other. We have made friends with him, business and personal because of this transaction.

We are thankful God put Paul in our lives.

Paul walked us hand and hand through the entire process of the merger and we can only give him the highest marks.  Potomac did an outstanding job for our business and I’m sure they will do the same for others.

Innovative Pest Management focuses on the residential market surrounding the affluent areas of Lake Norman.

The Potomac Company’s acted as Innovative Pest Management’s exclusive financial advisor. This transaction closed last year but the announcement was delayed at the request of the owners to ensure a smooth transition.

 

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