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.

 

Rentokil Acquires Allgood Pest Solutions

Rentokil Initial has acquired Allgood Services of Georgia, Inc (which trades as “Allgood Pest Solutions”), headquartered in Atlanta, Georgia, and which also operates in Tennessee.  It generated annualized revenues for the 12 months prior to acquisition of $26m (#29 in the PCT magazine list of the largest pest control companies in the USA). [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…]

Rentokil Aquires Abadi Hygiene Services of Malaysia

Rentokil Acquires AbadiRentokil Initial Pest Control Acquisitions Malaysia
Rentokil has acquired Abadi Hygiene Services. Founded 1997, Abadi is one of the largest Malaysian companies specializing in washroom hygiene, femicare, IT sanitizing, general pest control, fumigation, and termite control. [Read more…]

Rentokil North America Has Acquired the Oliver Exterminating Group

Rentokil Acquires Oliver ExterminatingOliver Exterminating Group, based in Miami, Florida, and with operations in Florida, Arizona, Puerto Rico, and the Dominican Republic, was acquired by Rentokil North America.  Oliver, with annual revenues over $30 million, was ranked number 24 in the PCT Top 100 in 2015. [Read more…]

Rentokil Acquires Remus Pest Control of Los Angeles

Rentokil has acquired substantially all of the assets of Remus Pest Control of Los Angeles. Remus Pest Control focuses on medical and healthcare facilities located in and around Los Angeles.

 

Pest Control Transaction Multiples Peak as Rentokil Initial Acquires The Steritech Group for $425 Million

Rentokil Acquires SteritechSteritech Acquired by Rentokil

As many of you have heard me say in a variety of industry speaking engagements over the last two months, valuations in the pest control market have peaked and will likely remain elevated for the next six months or so (we’ll be publishing a report on that next week and you can get it here when it comes out).

Rentokil’s acquisition of Steritech for $425 million (2.8x revenue / 28x EBITA) in cash likely represents the high water mark in terms of valuation and pricing.

John Whitley, founder of Steritech, has come full circle as he used to run Rentokil North America decades ago before founding Steritech. It’s awesome to be able to sell your business to your former employer for $425 million in cash and I salute John for building a phenomenal company — and after running it for decades — to exit at the exact right moment.

If he would have sold this business two years ago, he would have been lucky to get $250 million for it — what a huge difference two years makes. [Read more…]

Rentokil Acquires Anderson Pest Solutions

Anderson Pest Acquired by RentonkilAnderson Pest Solutions (PRNewsFoto/Anderson Pest Solutions)

Rentokil North America, one of North America’s largest pest control companies, today announces it has acquired Anderson Pest Solutions, based in Chicago. The acquisition is in line with Rentokil’s global strategy to continue growing its pest control business and to pursue acquisition targets in higher growth markets such as North America. Anderson ranks in the top 40 of the 100 largest pest companies in North America and has strong market positions in the Chicago metropolitan area, as well as Wisconsin, Indiana and Missouri. [Read more…]

Rentokil Acquires LR Pest Elimination

Rentokil Ehrlich Acquires LR Pest EliminationLR Pest Elimination Acquired by Rentokil

The Potomac Pest Control Group is pleased to announce the sale of its client, LR Pest Elimination, to Rentokil North America.

Founded in 1983 by Ron Hier, LR Pest Elimination is one of the largest pest control service providers in the state of Vermont and enhances Rentokil North America’s footprint in New England. [Read more…]

Rentokil Acquires Sagrip Control de Plagas of Guatemala

Rentokil Acquires Sagrip Control de Plagas fusionesRentokil compra Sagrip control de plagas

Rentokil has acquired Sagrip, a Guatemala based pest control operation. This acquisition puts Rentokil in key cities in Guatemala and El Salvador and is in line with Rentokil’s 2015 acquisition plan of entering emerging and high growth markets.

This transaction comes on the heels of Rentokil’s recent acquisition of Fumighar in Colombia and Bestway Pest Control of Chile and Colombia.