Emergent Pest Control Company Provides Further Momentum in Residential Services Market
The Potomac Company is pleased to announce that Terminix®, the leading provider of termite and pest control services in the United States, has acquired the assets of its client Alterra Pest Control. Founded in 2012, Alterra is one of the 15 largest pest control companies in the U.S. Led by entrepreneur David Royce, the company has been consistently recognized for its success by pest control industry thought leaders and media. Alterra reported $45 million in revenue in 2014 and was generating revenue greater than $70 million at the time of the transaction. [Read more…]
Pest Control M&A Weekly Commentary – April 7, 2019 – Rentokil Acquires Mosquito Control Services, I Tried to Buy Rentokil North America, Q&A, Inside Paris
7 April 2019, Gulf of Suez, Egypt
It’s been a busy start to 2019. Multiples peaked in late 2018 and have remained relatively constant, drawing a continuous supply of sellers to the bargaining table.
As we rapidly approach the start of the pest control season in North America, I’ve received quite a few questions over the last few weeks as to whether or not I think that this market will continue to run. Given the fact that the ECB and the Federal Reserve have reversed course on monetary policy (i.e., they’ve finally admitted to the public that it’s impossible for them to tighten), my guess is that this buoyant M&A market will continue throughout 2019 unless we get a repeat of 2008. One thing I will say, it’s clear to me, through first-hand experience in dozens of emerging markets that global growth is beginning to slow.
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