Scotts Closes $22.7M Acquisition of Action Pest Control

Scotts Acquires Action Pest Enters Pest Control Industry

In early January 2015, the Scotts LawnService closed the acquisition of Action Pest Control.

On October 16, 2014, Potomac’s client, Scotts LawnService entered into a definitive agreement to acquire the assets of Action Pest Control, Inc., a residential and commercial pest control provider in the Midwest for $22.7 million. The initial purchase price accounting for the Action Pest acquisition will be determined during the first quarter of fiscal 2015.

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Scotts to Acquire PCT Top 100 Action Pest Control for $22.7 Million

Scotts LawnService Acquirers Action Pest Control

The Potomac Company is pleased to announce the acquisition of Action Pest Control, Inc. — one of the largest privately-held pest control businesses in the midwestern United States — by its client Scotts LawnService (“Scotts”). Scotts is a subsidiary of The Scotts Miracle-Gro Company (NYSE: SMG), a $3.8 billion publicly traded company and the world’s leading marketer of branded consumer lawn and garden products.

On October 16, 2014, Scotts LawnService entered into a definitive agreement to acquire the assets of Action Pest Control, Inc. (“Action Pest”), a residential and commercial pest control provider in the Midwest for $22.7 million. The initial purchase price accounting for the Action Pest acquisition will be determined during the first quarter of fiscal 2015.

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Scotts LawnService Engages The Potomac Company as its Exclusive M&A Advisor in the Pest Control Industry

Scotts LawnService Pest Control Acquisitions

The Potomac Company today announced that EG Systems, Inc., d/b/a Scotts LawnService (“Scotts”), a wholly-owned subsidiary of The Scotts Miracle-Gro Company, has engaged Potomac as its exclusive buy-side M&A advisor in the residential and commercial pest control industry. Potomac will provide strategy, valuation and buy-side M&A advisory to Scotts and assist Scotts in entering the residential and commercial pest control industry.

The Potomac Company will be advising Scotts on its goals and plans within the pest control industry, such as strategy, valuation, transaction structure, and implementation of growth strategies within the industry. [Read more…]