Capital management company acquires Pelsis Group


August 5, 2021


Pelsis Group, which owns pest control industry brands Insect-O-Cutor, B&G and Curtis Dyna-Fog, will be acquired by specialist investment manager Pamplona Capital Management this September. Terms were not disclosed.

Since 2017, Pelsis has been owned by Lloyds Development Capital (LDC), the private equity arm of Lloyds Banking Group. During that period, a news release notes, “LDC supported Pelsis’s international growth strategy, led by the company’s CEO Andrew Milner, which included three international acquisitions.”

Today, Pelsis has an annual revenue of nearly $209 million, and employs around 600 people across 15 sites located throughout Western Europe and the US.

“We are very excited to begin this new chapter for Pelsis together with Pamplona,” Milner said in the news release. “Pamplona will actively support Pelsis in achieving our shared goals and growing further into the US and Europe, consolidating our position as a market leader and introducing new, innovative products to the market.”

In the news release, Pamplona co-managing partner, Martin Schwab, said that he and his team are “looking forward to partnering with Andrew and the management team of Pelsis, and are impressed by the work they have done to build the company into an attractive growth platform in recent years.”

Pamplona is a specialist investment manager established in 2005 that provides an alternative investment platform across private equity and other diversified strategies. With offices in New York, London, Madrid, and Malta, Pamplona manages more than $11 billion in assets.

“We have greatly enjoyed our time working with Andrew and the team during the last four years to establish Pelsis as a leader, with international presence, in the global pest control industry,” Dale Alderson, head of the North West at LDC, said in the news release. “We are excited for their next chapter with Pamplona, and wish both great success in achieving their growth ambitions.”

Founded in 1984, Pelsis is based in Knaresborough, North Yorkshire, England. Pamplona received financial advice on the transaction from Houlihan Lokey and William Blair, and Kirkland & Ellis provided legal advice. LDC’s financial adviser was Rothschild, and legal advice was provided by DLA Piper.


About the Author

Heather Gooch

Heather Gooch is the editor-in-chief for PMP magazine. She can be reached at or 330-321-9754.

Leave A Comment

Comments are closed.