The Potomac Company is pleased to announce that its client, Lloyd Pest Control Services Ltd of Oshawa, Ontario was acquired by Orkin Canada. Founded in 1975, Lloyd provides commercial and residential pest control services in Ontario, Canada. This transaction will allow Lloyd’s shareholders, Lorne and Nancy Collins, to retire while providing significant growth opportunities for Lloyd’s management team and valued staff.
Nancy and Lorne Collins described why they chose Orkin Canada as a partner:
“Swimming in the same pond for over 30 years you get to know a little about each other. We treated and were treated by Orkin as a respectful competitor. Both fish, big and small recognized the strength, adaptability and dedication of the other to survive and thrive.
At the heart of it all, however, lies a simple truth. Your people are the water that keeps a company flowing strong, respect them and treat them well. Your reward, customers keep coming back. We believe Orkin Canada gets that simple truth.”
We at Potomac truly enjoyed working with the shareholders and management of Lloyd. Nancy and Lorne Collins commented on their experience after the transaction:
“Paul does have connections and insights into the industry that has allowed him to cut through the forest and expose the view. He has a great sense of humor, without that great attribute I think most clients would have a difficult time shaking off anxiety levels that build as the deal gets closer and the waters get muddy. I felt we worked together as a team at every stage and we got to know each other because each party felt they could be forthright and honest about the process. I think that kind of result can only come from the best in their class….and Paul is that…simply the best. Any journey starts with the first step, engage Potomac and let the adventure begin.”
Paul Giannamore of The Potomac Company acted as the sole and exclusive valuation and M&A advisor to Lloyd Pest Control Services Ltd.