Industry up 12 percent in February, per Blair/PCO M&A Specialists index


March 28, 2023

Logo: PCO Bookkeepers & M&A SpecialistsThe William Blair/PCO M&A Specialists Pest Index is a proprietary compilation of the monthly sales for 158 different U.S. pest control companies across 36 states. For February, the total U.S. pest index increased 12 percent year-over-year in February. On a sequential basis, the index decreased 3 percent from January. The index remains slightly above the long-term historical average growth rate of 11 percent.

“The index continues to show growth in excess of inflation, which means our industry is experiencing real growth as opposed to inflationary growth that many other industries are exhibiting,” says Dan Gordon of PCO Bookkeepers & M&A Specialists.

Increases in all segments, especially residential, contributed to the February result:

  • The Residential Pest Index increased 16 percent year-over-year.
  • The Commercial Pest Index increased 10 percent year-over-year.
  • The Termite Index increased 3 year-over-year.
  • The Bed Bug Index increased 4 percent year-over-year.

“In our view, market penetration rates in residential pest have likely increased over the last several years, due to near-term factors such as ‘work from home’ and growing awareness, while also benefiting from longer-term secular themes such as favorable demographics and increasing pest activity from warming temperatures,” says William Blair Equity Researcher Tim Mulrooney.

View the full report and the archive of past reports at

About the William Blair/PCO M&A Specialists Pest Index

The William Blair/PCO M&A Specialists Pest Index tracks the monthly performance of 158 privately held pest control companies across 36 states with combined annual 2022 revenue of $538 million. The purpose of the report is to track the monthly performance of several different U.S. pest markets, including residential, commercial and termite.


About the Author

Ellen Wagner is a former digital editor for PMP magazine.

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