Percheron Capital has created a pest control services platform in partnership with industry veteran Mike St. Clair. The San Francisco, Calif.-based private equity firm was founded in 2020 and is focused on partnering with middle-market service businesses.
The platform will focus on building “a premier network of residential pest control services providers through acquisitions and organic growth in the growing, resilient and highly fragmented pest control market,” according to the news release.
St. Clair brings more than two decades of leadership experience at several pest control businesses. He previously led sales and marketing for Rentokil and was a key member of the senior executive team that tripled North American revenue to over $1.8 billion through organic growth initiatives and strategic acquisitions. Prior to Rentokil, St. Clair held senior management positions for leading residential service brands at ServiceMaster, including Terminix.
“We are thrilled to partner with Mike to build a preeminent pest control services company,” said Chris Lawler, co-founder and managing partner of Percheron Capital. “Pest control services are non-discretionary and benefit from long-term tailwinds, including increasing pest prevalence and demographic shifts favoring outsourced pest control solutions. These trends, in combination with the industry’s significant scale, recurring revenue profile and substantial level of fragmentation, make pest control a thematic investment priority for Percheron.”
“I am excited to work with Percheron to form a market-leading pest control services platform,” St. Clair said in the news release. “We are committed to building the industry’s employer of choice and investing in our hardworking team members – through training, incentives and state-of-the-art tools and technology – to improve their effectiveness and create rewarding career paths.”