The William Blair/PCO M&A Specialists Pest Index is a proprietary index of the monthly sales for 140 different U.S. pest control companies across 30 states. For August 2021, the total U.S. pest index increased 14.9 percent year-over-year. On a sequential basis, the index increased 2.2 percent from July 2021.
“Pest control continues to be a shining star in the overall economy and appears to be poised for even more growth as the country eventually moves forward from COVID,” said Dan Gordon, managing member of PCO M&A Specialists and PCO Bookkeepers and Pest Management Professional’s financial columnist.
The acceleration in August was primarily driven by a pickup across all for subindices, according to William Blair Equity Researcher Tim Mulrooney.
The Resident Pest Index increased 16.2 percent year-over-year and increased 2.5 percent on a sequential basis. The Commercial Pest Index increased 17.1 percent year-over-year and 2/5 percent on a sequential basis. The Wood Destroying (Termite) Index increased 10.3 percent year-over-year and decreased 1.2 percent on a sequential basis. The Bed Bug Index increase 8 percent year-over-year and increased 3.1 percent on a sequential basis.
“The acceleration in the August residential pest index came as a surprise, given the slowdown observed in recent months from the strong results earlier this spring,” Mulrooney said. “The two-year compound annual growth rate for the residential pest index was 11 percent in August, in line with the long-term historical average trend of 11 percent growth.”
View the full August report and the archive of past reports at SellMyPCOBusiness.com.
About the William Blair/PCO M&A Specialists Pest Index
The William Blair/PCO M&A Specialists Pest Index tracks the monthly performance of 149 privately held pest control companies across 31 states with combined annual 2020 revenue of $375 million. The purpose of the report is to track the monthly performance of several different U.S. pest markets, including residential, commercial and termite. It does not include residential door-to-door companies.