Anticimex / American Pest Acquires Triple S Pest Services

Potomac is pleased to announce the sale of its client, Triple S Services —a family-owned pest control firm with locations serving D.C., Maryland, and Virginia — to American Pest, an Anticimex portfolio company.

Triple S Pest Services, a PCT Top 100 company for many years, was founded in 1981 and has a solid reputation among its clients for offering reliable, low-risk pest control services for local, state and government institutions, private businesses, and residential homes. [Read more…]

Rentokil North America Acquires Hudson Valley’s Liberty Pest Control

The Potomac Company today announced the sale of its client, Liberty Pest Control, to Rentokil North America.

Founded in 1959 and operating from Albany, NY to Scranton, PA, Liberty is one of the oldest and largest pest control operations in New York’s Hudson Valley.

Potomac is pleased to have had the opportunity to advise the management and shareholders of Liberty in a competitive, strategic sale process.

[Read more…]

Modern Pest Services, An Anticimex Company, Acquires Guaranty Pest Elimination

The Potomac Company has announced that its client, Guaranty Pest Elimination of Danielson, CT, has been acquired by Modern Pest Services, an Anticimex Company. This is Anticimex’s largest acquisition in New England since the acquisition of its platform, Modern Pest Services.

Guaranty Pest Elimination has been providing both residential and commercial services in Connecticut, Massachusetts, Rhode Island, and New York since 1989. Known as a customer-centric pest control solutions provider, Guaranty brings a strong brand and industry-leading client service to the Modern family. The Company was founded by Andy Kacavich in the 1980s. [Read more…]

Orkin Acquires Your Pest Control Company of Fort Worth, Texas

The Potomac Company is pleased to announce the acquisition of its client, Your Pest Control Company, by Orkin. Founded in Fort Worth, Texas, in 1997, by David and Dorene Norris, Your Pest Control Company is one of the fastest-growing commercial pest control companies in the DFW metro area.

David and Dorene commented: “Clearly, as business owners, valuation is important, but equally so is our people and our customers. We chose to sell our business to Orkin because they made us feel very comfortable that our business would continue to run standalone and provide the same quality of service to our customers as we always had. They’ve lived up to their commitments to our team, our customers and us, and we are confident that we made the right decision.” [Read more…]

Orkin Acquires Banks Pest Control

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.

Rentokil Steritech Acquires Innovative Pest Management of North Carolina

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. [Read more…]

HomeTeam Acquires Stout Pest Control

HomeTeam Pest Defense, a division of Rollins (NYSE: ROL), has acquired Stout Pest Control of San Antonio, TX.

Founded in 1989 by Russell Stout, the Company focuses on providing pest and termite control services to the residential market in San Antonio metro. Russell and his wife Linda will be retiring and all of the Stout employees will be joining HomeTeam’s San Antonio operations. [Read more…]

Pest Control Private Equity and Search Funds, A Public Service Announcement

This is a friendly message to those in the private equity and search fund space, in hopes to save you (and us) a lot of time.

The pest control industry is a great business and I am very happy that you have interest in it.

We are contacted on a daily basis by private equity firms and search funds looking to get into the pest control industry. On very rare occasions (perhaps once per year), we include non-strategic acquirers in process. In the current environment (May 2018), it is almost impossible for financial buyers to compete with strategics. [Read more…]

Rentokil Acquires Advanced Pest Management, a PCT Top 100 Company

Potomac is pleased to announce the acquisition of its PCT Top 100 client, Elkton, Maryland-based Advanced Pest Management (APM) — $6.9 million in revenue — by Rentokil Steritech. The acquisition further expands Rentokil Steritech’s density in the Northeastern U.S. market. Terms of the deal were not disclosed.

Established in 1964 by the Kreer family, APM  was sold to Jeremy and Nam Kreer, President and Regional Account Executive of APM respectively, in 2003. The business has built a long-standing reputation as a provider of outstanding customer service to homeowners and businesses from southern New Jersey through Delaware to Baltimore, Maryland. [Read more…]

Anticimex Acquires Killingsworth Environmental

The Potomac Company is pleased to announce the acquisition of its client, Killingsworth Environmental (“Killingsworth”) in North Carolina, by Anticimex. Headquartered in Charlotte, N.C., Killingsworth operates in South and North Carolina and has a strategic position in one of U.S. fastest-growing geographies. With the acquisition of Killingsworth, Anticimex further strengthens its market position on the U.S. east coast as well as creates a platform for further long-term growth in the Carolinas. Killingswoth has 180 employees and is a $21 million firm. [Read more…]