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…]

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…]

Rentokil Steritech Acquires Isotech Pest Management

Rentokil Steritech has acquired Isotech Pest Management, Covina, Calif. rentokil-steritech-acquires-isotech-pest-management-of-californiaIsotech was founded in 2004 and this transaction expands Rentokil’s pest control footprint in the southern California and Las Vegas, Nev., areas. [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 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…]

Potomac Announces Strategic M&A Transaction for Catseye to Fund Future Growth of the Brand

Catseye USA Team

The Catseye USA team (Catseye Pest Control’s parent / media company). I am in the mix as well. They say a camera adds 10 pounds to you, apparently they had 3 or 4 cameras on me.

Well, the cat’s out of the bag…(sorry, that’s something my father would say while the rest of us would just roll our eyes… I guess I’m getting old) ServiceMaster is now the proud owner of certain assets of the Catseye family — a PCT Top 100 pest control company.

To the outside world, this looks like a simple transaction. [Read more…]

Massey Acquires EcoShield Texas, Completes Largest Deal Since Middleton Acquisition

Massey Acquires EcoShield Pest Control

The Potomac Company is pleased to announce that its client, EcoShield Pest Control, a Top 25 US pest control company, has sold its Dallas, Houston and San Antonio, Texas operations to Massey Services. This acquisition represents Massey’s largest transaction since it acquired Sunair / Middleton almost seven years ago. [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…]