MEMPHIS, TENN.—Terminix closed six asset acquisitions in December 2012. These transactions contribute strong management teams, additional service offerings and geographic diversity to the Terminix portfolio, further highlighting the company’s aggressive growth strategy.
“This most recent round of acquisitions reinforces not only the Terminix growth strategy, but also the inherent value proposition for the business lines we are acquiring,” says Chuck Fallon, president of Terminix. “We approach every deal thoughtfully to do what’s right for the associates, customers and the company.”
Terminix plans to continue its organic and acquisition growth strategy in 2013 with a focus on both domestic and international acquisitions to further expand the company’s geographic footprint. Terminix actively looks for a variety of pest management professionals (PMPs) and, as with the businesses acquired in December, utilizes different integration models, from tuck-in to stand-alone operations.
Collectively, the annualized revenue for these recent acquisitions is in excess of $10 million.
The acquisitions include assets from:
- McCauley Brothers Termite and Pest Services: Operations in Rohnert and Pittsburg, Calif.
- Pestmaster Services: Corporate operations in Lancaster, Bishop, Bakersfield, Sacramento, Ridgecrest and Newark, Calif.
- Pestmaster Services: Franchise operations in Grover Beach, Calif.
- BioGuard Pest Control: Operations in Boise, Idaho; Salt Lake City, Utah; Nashville, Tenn.; and Virginia Beach, Va.
- Springer Professional Home Services: Operation in Davenport, Iowa
- Foothills Pest Control: Operation in Chandler, Ariz.