Anticimex Sells 19% Stake, Implied Enterprise Value of $2.7 Billion

The majority owner of Anticimex, EQT Vl, a Swedish private equity firm, has entered into an agreement to sell a 19% minority interest in Anticimex to AMF, AP6, Volito, and Cubera.

Potomac estimates Anticimex’s 2018E EBITA to be approximately $115 million, which would imply a forward 2018E EBITA multiple of 23.4x, or $2.7 billion.

As negative yields prevail across the continent, European funds continue to flow into the global pest control industry following the unprecedented move by the Swiss National Bank to make a direct equity purchase of Rollins (NYSE: ROL) stock earlier this year.

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.”

Anticimex / American Pest Acquires Greenstar Termite and Pest Control

american-pest-acquires-greenstaranticimex-acquires-greenstar-pest-potomacWe’re pleased to announce that Anticimex of Stockholm, Sweden, through its US subsidiary, American Pest, has acquired our client, GreenStar Termite & Pest Control based in the DC metro area.

The transaction will increase Anticimex’s growing footprint in the US. [Read more…]

Anticimex Acquires American Pest Control

Anticimex Acquires American Pest

Anticimex of Sweden has acquired American Pest Control of Fulton, MD, marking its second acquisition in the United States.

American Pest was founded by Paul Calvert Cissel as the American Disinfectant Company in 1925.  The American Disinfectant Company was purchased from Mr. Cissel’s widow on November 23rd, 1983, by Robert Byrne, William Roll, Robert Wells, and Jay Nixon.

Anticimex’s entry into the United States has continued to exert upward pressure on transaction multiples in the Unites States pest control industry. The US market now has six large, well-capitalized acquirers: Rollins, ServiceMaster, Rentokil, Massey, Arrow and Anticimex.

Anticimex will utilize American Pest as a regional platform for growth in the Mid-Atlantic region.

Anticimex Acquires Clean-Environ Pest Management of Singapore

Anticimex Acquires Clean Environ Pest Management Singapore - Potomac

The Potomac Company is pleased to announce that its client, Clean-Environ Pest Management of Singapore, was acquired by Anticimex of Sweden. Founded in 1991, Clean-Environ Pest Management provides commercial and residential pest control services [Read more…]

Anticimex Enters US Market with Acquisition of Bug Doctor Pest Control

Anticimex of Stockholm, Sweden has entered the US market with its acquisition of Bug Doctor Inc. of Paramus, New Jersey.

Bug Doctor, founded in 1992, provides high quality pest management services to both its commercial and residential clients. Since 1992 Bug Doctor has provided nationwide services to clients who desire humane and effective solutions to complex bird and pest control problems.

Stuart Aust, President and CEO of Bug Doctor, said: “When our family decided that the time was right to sell our company, we searched globally for a buyer who shared our dedication to growth, our dedication to quality and our dedication to our people and our clients. Anticimex, a leading specialist in preventive pest control, was our clear choice. They are committed to creating exciting new opportunities for our employees and our family while maintaining the focus on high quality service that our clients have come to expect.”

Jarl Dahlfors, CEO and President, Anticimex Group, commented: “Bug Doctor is a great fit for us, and their culture of excellence toward their people and clients aligns naturally with the culture of Anticimex, where we combine our decades of experience with the latest technological innovations to provide our customers with the peace of mind that comes from long-term, sustainable solutions to their needs. Our vision is to be the global leader in preventive pest control: there are more high-quality pest control companies in the US than anywhere else in the world, and we are excited about our continued growth prospects in this important market.”

[Read more…]

Potomac Announces 6 Transactions: Singapore, Anticimex, Canada, and Brad Harbison of PCT Magazine and No Severed Horse Head

As we slowly begin to move into pest control M&A season, we’re pleased to announce six transactions:

Brad Harbison’s (Managing Editor, PCT Magazine) Pest Control Business was Acquired by (…wait for it…) in a Competitive, Strategic Sale Process

What pest control company ensures that the home of industry glitterati and managing editor of PCT Magazine remains pest-free? [Read more…]

Anticimex Acquires Enviropest, the Third Largest Pest Control Operator in Australia

Anticimex Acquires Enviropest Australia Pest ControlEnviropest Australia Pest Control Acquired by Anticimex Pest Control

Anticimex has acquired Enviropest to become a market leader in pest controlin Australia. The acquisition enhances Anticimex’s foothold in the termite control market and further accelerates the international expansion of the Anticimex Group.

Anticimex has acquired 100 percent of Enviropest, the third largest player in the Australian pest control market and a market leader in preventive termite control. Enviropest provides residential pest control services with a strong focus on termites and timber pests, complementing Anticimex’s comprehensive range of services within pest control. The acquisition will enable Anticimex to become a frontrunner in the Australian pest control market and expand its geographical footprint across the continent, and facilitate significant synergy potential through cross-selling in the residential sector. [Read more…]

Flick Anticimex Acquires Goode Pest Control of Queensland, Australia

Flick Anticimex Acquires Goode Pest Control Queensland

As consolidation continues in the Australian pest control industry, Flick Anticimex has acquired Goode Pest Control of Queensland.

“The acquisition of Goode Pest Control is in line with our strategic growth plans for 2014. Goode Pest Control specialises in commercial pest control with high profile customers and we look forward to ensuring the continued success of these clients, though proactive pest management solutions,” said Andrew Usher, Managing Director of Flick Anticimex. [Read more…]