The Potomac Company is pleased to announce the acquisition of Alliance Commercial Pest Control (Alliance) by PestCo Holdings, LLC (PestCo), a portfolio company of Thompson Street Capital Partners (TSCP). This stands as PestCo’s sixth investment since its establishment as an acquisition platform in 2021.
Headquartered in Tinton Falls, New Jersey, Alliance provides both commercial and residential pest control with a significant emphasis on their commercial services. Since its establishment by Bruce James Madden in 1983, the company has remained a family-owned and operated business and has grown to service 21 counties in New Jersey, five counties in New York, and four counties in Pennsylvania.
The company’s commitment to excellence led them to earn their QualityPro certificate in 2015—the only recognized and accepted credentialing authority of the professional pest management industry. Now, with PestCo’s reinforcement, the company is set to expand their pest control services within the food and beverage sector.
PestCo’s CEO, Jay Keating, commented on the transaction, “We are proud to make our entry into the New Jersey market with such a stable and promising company. We are looking to grow this business and by doing so create opportunities for all members of the Alliance team.”
“Alliance was built on providing top quality pest control services to our clients for decades,” said R. Brett Madden, president of Alliance. “Partnering with TSCP enables Alliance to continue to support a strong future for our existing team while strategically scaling growth opportunities in various vertical markets.”
“We are excited to partner with the Alliance team and expand PestCo's growing presence in the middle Atlantic region,” said TSCP’s Managing Director Jeff Aiello. “Alongside our previous acquisition of Presto, Alliance serves as a strategic addition to our rapidly growing food and beverage commercial business in the area.”
Potomac’s Paul Giannamore commented,“Brett Madden and his team have built a great business and it was a perfect fit for PestCo’s Mid Atlantic operations. This value-creating acquisition is a textbook example of using M&A to bolster strategic capabilities.”
Paul Giannamore and Franco Villanueva-Meyer of The Potomac Company acted as exclusive financial advisors to Alliance in this transaction. Terms were not disclosed.