Connecticut Pest Elimination Inc., also known as CT Pest Elimination, has been acquired by Atlanta, Ga.-based Orkin. Terms were not disclosed; The Aust Group represented the Orange, Conn.-based firm as its exclusive financial advisor on the transaction.
“It was an honor and a pleasure to represent Michael and Mary Ann throughout the acquisition process,” Stuart Aust, director of The Aust Group, based in Vero Beach, Fla., said in a news release. “We feel this acquisition serves as a great fit for both parties, and are excited to see the future growth of Connecticut Pest Elimination with the Orkin team.”
“Working with The Aust Group was the best decision we could have made for brokering our business,” CT Pest Elimination co-owner Michael Lipsett said in the news release. “They were so professional and spent a lot of time preparing us for the sale in advance.”
ABOUT CONNECTICUT PEST ELIMINATION
Michael and Mary Ann Lipsett formed CT Pest Elimination in 1990 and scaled their business to become the largest privately held pest control operation in Connecticut. Michael has been involved in several industry organizations, with board seats on both the Connecticut Pest Management Association (CPMA) and the Connecticut Coalition Against Bed Bugs (CCABB).
CT Pest Elimination employs 60 employees and averages 40 vehicles on the road daily. The company is a member of both the CPMA and the National Pest Management Association (NPMA).
ABOUT ORKIN PEST CONTROL
Founded in 1901 by Pest Management Professional (PMP) Hall of Famer Otto Orkin (Class of 1999), Orkin employs nearly 8,000 team members in more than 400 locations in the United States, Canada, Mexico, Europe, Central America, South America, the Middle East, the Caribbean, Asia, the Mediterranean, Africa, and Australia serving approximately 1.7 million residential and commercial customers. Orkin is a wholly owned subsidiary of Rollins Inc.
ABOUT THE AUST GROUP
Founded by longtime PMP contributor Stuart Aust in 2018, The Aust Group is a mergers and acquisitions advisory firm for pest control and service-related businesses that have a recurring business model.
The Aust Group guides companies that range in size from small business to lower-middle market through the transaction process, and helps facilitate successful transactions between buyer and seller. The firm also offers consulting and mentorship packages to help business owners and shareholders improve performance and prepare for an eventual sale of their business.