Anticimex continues its U.S. expansion with the acquisition of Woodstock, Ga.-based Pestban. Paul Giannamore and Franco Villanueva-Meyer of The Potomac Co. acted as exclusive financial adviser to Pestban.
Pestban is a leading and fast-growing pest management firm that has operations throughout Georgia, South Carolina and North Carolina. In 2021, the company is on pace to generate annual revenues of $21 million with 20 percent organic growth. With the acquisition, Anticimex further strengthens its market position across the southeastern U.S.
“Partnering with the team at Pestban, marks another important milestone in our strategy to expand in the U.S. Pestban has a long and proud history as a leading provider of high-quality pest control services and has an impressive track record of growth,” Brian Alexson, regional president of Anticimex North America, said. “Their strong entrepreneurial culture and relentless focus on customer experience is very much aligned with Anticimex’ values of Trust, Innovation, Passion. Together with the local management team we will continue to grow Pestban and accelerate our growth in Georgia and beyond.”
Jack and Kathy Elliot, co-owners of Pestban, added, “We are thrilled to find a company like Anticimex that can take what we have built over the last 25 years to the next level. From the very first meeting, we felt that Anticimex was the right home for our team members and our loyal customers. With the alignment of core values and Anticimex’s available resources, our team members will have unique opportunities to develop professionally through the utilization of the decentralized business model and the organization’s global footprint. This is a partnership that we are very proud of.”