Potomac Pest Control Group Launches New Podcast – The Boardroom Buzz

The Potomac Pest Control Group Launches New Podcast, The Boardroom Buzz, Hosted by Patrick Baldwin and Paul Giannamore

An Ongoing, Board-Level Conversation Between a Pest Control Company Owner and His Advisor

May 14, 2020 —The Potomac Pest Control Group, valuation, strategy and mergers & acquisitions (M&A) advisors to the pest control industry, has launched a new podcast, The Boardroom Buzz, (https://theboardroombuzz.com or on iTunes)

As the partner of Texas-based pest control company and a long-term client of Potomac, Patrick Baldwin has boardroom-level conversations with Potomac’s managing director, Paul Giannamore. 

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Rollins / Orkin Acquires Crazy Frog Pest Control’s California Operations

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.

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Environmental Pest Control Acquires Georgian Bay Pest Control

Environmental Pest Control, leader in safe and effective pest management since 1988, acquired Georgian Bay Pest Control, located in Meaford, Ontario in early March 2020. Environmental Pest Control (EPC) and Georgian Bay Pest Control (GBPC) share the same high standards for customer service and environmentally safe pest management. This acquisition brings together a combined 60+ years of pest control experience and knowledge. 

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ServiceMaster Acquires Decatur Pest Control

The Potomac Company is pleased to announce the acquisition of its client, Decatur Pest Control, by ServiceMaster. The business of Decatur will largely be integrated into the business of Inspect All Services, a former client of Potomac that was acquired by ServiceMaster.

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WEBINAR: AFTERMATH – Pest Control Valuations and M&A in a Post-Coronavirus World

The video below is a 20-minute clip of a 90-minute, invite-only / client presentation on valuation and M&A in 2020. It was presented on April 26th to Potomac clients. Unfortunately, the remaining 70 minutes are not available to those who are not clients of Potomac.

Guidance on the Essential Critical Infrastructure Workforce: Ensuring Community and National Resilience in COVID-19 Response

Download the Department of Homeland Security Guidance on Essential services here.

In the Public Works section of the memo, Homeland Security identifies “extermination” as an essential service.

We’ve heard reports on the ground that New York and Pennsylvania are both allowing pest control firms to operate as an essential service amid widespread business shutdown.

Q2 Commercial Pest Revenue Estimates Likely to be Cut by ~25% by Wall Street; ServiceMaster’s Black Wednesday – Pest Control Daily Market Update

Given the movement in the markets and the constant requests that we are receiving, Potomac will be providing a brief daily update for the time being on the pest control public and private market news.

1. Wall Street to Cut Commercial Pest Control Estimates Significantly

After speaking with several prominent wall street analysts, we expect to see some serious cuts in commercial revenue estimates for firms like Rollins and ServiceMaster. I wouldn’t be surprised if we see Q2 2020 commercial revenue estimates down by a full 25%, maybe more.

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Pest Control Daily Market Update 3/17/2020 – Pest Control Deals on Hold

Pest Control Daily Market Update 3/16/2020 – COVID-19

Pest Control M&A Weekly Commentary – Jan 28, 2020 — The Beginning of the End? Pest Control Transaction Multiples Contract for the First Time in a Decade as ServiceMaster Hits the Skids

Download a Reader Friendly PDF Here

This story begins on the morning of October 22, 2019. My flight had just taken off and I nestled into my seat to try to get some work done. An email from Jamie Clement at Buckingham Research catches my eye; the subject line is: SERV: TIMBER!!!!!!!!!!! 

There is nothing in the body of the email. Damnit Jamie, what’s going on? 

Oh no… ServiceMaster pre-released, this isn’t good.

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