The Potomac Company is pleased to announce the sale of its client, Pointe Pest Control, to PestCo Holdings, LLC (“PestCo”) a portfolio company of Thompson Street Capital Partners (TSCP), a private equity firm located in St. Louis, Missouri. This transaction of Pointe Pest Control’s operations throughout Idaho, Oregon, Washington, and Montana, together known as Pointe Pacific Northwest, serve as PestCo’s tenth investment since its establishment as an acquisition platform in 2021.
Pointe Pacific Northwest was founded by Jacob Borg in Spokane, Washington, and grew to service four states. In February 2022, PestCo acquired Pointe Illinois, founded by Jacob's brother, Jared and his business partner Kyle Woodbury. Now, Pointe Pacific Northwest and Pointe Illinois are set for steady growth under PestCo’s leadership and resources.
Jay Keating, CEO of PestCo, commented, “Pointe Pacific Northwest is a well-known brand in the industry with an excellent track record of growth and expertise in residential pest control. We are thrilled to partner with Jacob Borg and Gabe Chariton as we continue to grow PestCo and enter the Northwest United States.”
David LeResche, president and COO of PestCo, commented, “In addition to a leading brand, Jacob and Gabe have built a top-tier team. We look forward to welcoming that talented team into our rapidly expanding national pest control platform.”
Jacob Borg, co-owner & founder of Pointe Pacific Northwest, said, "Pointe's growth and success has been a result of our incredibly dedicated employees and loyal customers. We are excited about the next chapter with PestCo and TSCP as we continue to offer quality service, expand our growth prospects, and provide further opportunities for our team. Combining the Pointe brands and working with my brother and his teams will only enhance the Pointe experience."
Gabe Chariton, co-owner of Pointe Pacific Northwest, added,“We are thrilled to partner with PestCo and TSCP to drive continued growth while further enabling our team to provide excellent service to our customers."
“We are excited to unite the two Pointe brands with our current ownership of Pointe Illinois in the Midwest while expanding PestCo’s footprint in a meaningful way into the Pacific Northwest,” said Jeff Aiello, Managing Director, TSCP.
Paul Giannamore and Franco Villanueva-Meyer ofThe Potomac Company represented and acted as the exclusive financial advisors to Pointe Pest Control in this transaction. Terms were not disclosed.