The Potomac Company is pleased to announce the sale of its client Pointe Pest Control – IL, LLC (Pointe) to PestCo, a portfolio company of Thompson Street Capital Partners (TSCP). Through its brands—Pointe Pest Control in Illinois and Green Pest Services in Virginia—Pointe is a leading provider of residential and commercial pest control services. Pointe and Green provide general pest, bed bug, mosquito, rodent, termite, and tick control for their customer in Illinois and Virginia. Both companies support eco-friendly services focusing primarily on pest exclusion and limiting pesticide exposure. In 2019, Pointe and Green were the winners of the Home Advisor award and the Angie’s List Super Service award in 2020.
Pointe and Green generate over $20 million in revenue and employ over 130 team members in Illinois and Virginia.
Pointe Pest Control services 15 counties within the state of Illinois. Since its founding in 2006, the company grew significantly and now services both commercial and residential customers in west Chicago and surrounding areas. The Illinois company runs 24-hours a day and is open 7 days a week to ensure their customers always have access to industry-leading pest control services. Their efforts have proved worthwhile as Pointe remains the highest-rated pest control service in Chicago with a 4.9 Google rating and over 5,900 customer reviews.
Green Pest Services in Virginia was founded in 2010 as a sister company of Pointe Pest Control. The company provides pest control services for 18 counties in Virginia and 8 counties in Maryland. Maintaining a 4.9 Google rating with over 3,700 reviews, Green Pest Control remains one of the best-reviewed pest control services in the Mid-Atlantic.
Jay Keating, CEO of PestCo, said, “Pointe is a well-known brand in the industry with a long history of successful operations in residential pest control. We are thrilled to partner with Jared Borg and Kyle Woodbury in the next phase of Pointe’s growth.”
CEO and co-founder of Pointe, Jared Borg, commented, “Our teams at Pointe and Green have always prioritized their customers and employees, which has led to sustained levels of high growth over many years. Partnering with PestCo and TSCP will drive even greater levels of satisfaction for our clients while accelerating our ability to further expand our operations.”
Kyle Woodbury, co-founder of Pointe, noted, “We’re looking forward to partnering with the teams at PestCo and TSCP to improve upon our top-tier customer service and employee experience at Pointe and Green. This is an important next step for the business.”
“Pointe is a key strategic acquisition for PestCo, bringing both significant scale and expertise in single family residential pest control services that is a nice complement to the company’s existing commercial and multifamily platforms. With the inclusion of Pointe, PestCo is now one of the top 25 pest companies in the nation,” said TSCP’s Managing Director, Jeff Aiello.
Pointe was advised by Paul Giannamore, Managing Director at The Potomac Company, who noted, “Pointe is one of the best-known brands in the pest control space, and Jared and Kyle are known as leaders in the industry. It was a pleasure to advise them and help them achieve their goals. In partnering with PestCo and TSCP, who have quickly become active players in the pest control space, Pointe is well positioned to continue its impressive growth trajectory.”
Giannamore added, "This transaction is solely related to the Pointe Pest Control operations in the Midwest. Pointe Pest Control in the Pacific Northwest is operated by Jacob Borg, Jared's brother. Jacob, Gabe and their team continue to dominate the Pacific Northwest as they build Pointe (Pacific Northwest) into one of the largest firms in the country."
In Episode 15 of The Boardroom Buzz, William Blair’s pest control industry equity research analyst Tim Mulrooney said, “I said I wouldn't call out names, but I will say one name, the best company that we ever had was Pointe Pest Control… I have to tell you, the service that I received from Pointe Pest Control was an entire level above anything that I had had previously.”
With the backing of PestCo’s team and resources, Pointe is positioned for accelerated growth while continuing to provide excellent service for its customers. Terms of the transaction were not disclosed.