Dan Gordon, CPA
The William Blair/PCO M&A Specialists Monthly Pest Index has released its December report. According to their joint analysis, the total U.S. pest control index increased 8.8 percent year-over-year in December 2020.
The 9 percent year-over-year U.S. pest index increase in December marks an acceleration from November (+7 percent) and October (+5 percent). The improving trend was driven by a step up in the residential pest market throughout the quarter, combined with strong commercial growth in December.
The work-from-home environment and favorable weather are factors supporting stronger residential volumes and retention rates.
“We are again surprised by another positive monthly report as trends continued to steadily improve throughout the quarter,” according to Tim Mulrooney and Sam Kusswurm, William Blair Equity researchers. “Meanwhile, the commercial market appears to continue to recover as mandatory restrictions are lifted and businesses continue to reopen.”
On a sequential basis, the index decreased 3.8 percent from November 2020, which is slightly better than the historical trend. The index declined 5 percent sequentially in December 2019 and 10 percent sequentially in December 2018.
This index includes recurring and nonrecurring revenue for the residential pest, commercial pest and termite markets. It does not include residential door-to-door companies.
View the full December report and the archive of past reports at SellMyPCOBusiness.com.
PCO M&A Specialists, a division of PCO Bookkeepers, teamed up with equity research house William Blair & Co. to create the William Blair/PCO M&A Specialists Monthly Pest Index.
The index, which is available at SellMyPCOBusiness.com, debuted Sept. 29 with August data. It tracks the monthly performance of 140 privately held pest control companies across 30 states, with combined annual 2019 revenue of $320 million. View the full October report and the archive of past reports at SellMyPCOBusiness.com.
About the Author
Danielle Pesta is the senior digital media manager at North Coast Media, the parent company of PMP magazine. She can be reached at dpesta@northcoastmedia.net.
Leave A Comment