The Potomac Company is pleased to announce the sale of its client Crazy Frog Pest Control’s service center and operation in Marietta, CA to Rollins, Inc. (NYSE: ROL) through its subsidiary Orkin.
Crazy Frog was founded by Mike Stosich, Travis Harwood and Lance Riddoch in 2012. Since inception, the Company has grown dramatically, with service centers in the states of Washington, California, Idaho, Texas, and Florida.
Crazy Frog partner Lance Riddoch commented on working with Potomac:
You may be good at adding pest control customers and running a pest control company. However, selling your company is an entirely different process. If you own a pest control company, then Paul is your guy, no question. When I talk to the executives and managers at the big companies around the country, they all universally love and respect Paul and all of them say he’s the best in the business. He sells more pest control companies than anyone else for a reason. Paul has refined the process of selling a company to maximize value. His team helps before and after the sale to make sure that your customers, the purchaser, and you are taken care of. There are a lot of different reasons to sell your company, but at the end of day you want to make sure that your customers are happy and that is just one of the the areas in which Paul thrives.
When you sell a business it’s a constant battle with the purchaser and these guys are very smart. Paul bridges this huge gap and to build the credibility needed to maximize the value of your transaction.
I decided to engage Potomac back in 2015 for strategic advice. If you want the best deal, you need an advocate that is the best in the business. Look no further than Potomac.
Paul Giannamore, Managing Director of Potomac commented:
Lance, Mike and the team are great and have really built a successful business. This is excellent transaction for Orkin and it is transactions like this that create tremendous value for both buyer and seller.
These transactions closed in late 2019, the terms were not disclosed.