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


August 28, 2023

Logo: PCO Bookkeepers & M&A SpecialistsLogo: 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 July, the index increased 12 percent year-over-year, showing an acceleration from the 6 percent result observed in June.

July’s results are slightly above the long-term historical average index growth rate of 11 percent.

“A sequential improvement in July was largely anticipated as temperatures rose across the country and is in line with commentary provided by Rollins and Rentokil,” William Blair Equity Researcher Tim Mulrooney said in the news release. “However, we view these results as somewhat underwhelming relative to expectations, since July 2023 was one of the warmest months in U.S. recorded history.”

Dan Gordon, CPA, who is Pest Management Professional’s financial columnist as well as a partner in PCO Bookkeepers & M&A Specialists, added, “The slowdown in June was confirmed by several chemical vendors, but they noted that sales picked up in July as expected, leading us to also conclude that June’s decrease was not the beginning of a trend.”

The June results by segment include:

  • The Residential Pest Index increased 14 percent year-over-year.
  • The Commercial Pest Index increased 16 percent year-over-year.
  • The Termite Index increased 5 percent year-over-year.
  • The Bed Bug Index decreased 3 percent year-over-year.
  • The Mosquito Index increased 6 percent year-over-year.

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. It does not include residential door-to-door companies.


About the Author

Ellen Wagner is a former digital editor for PMP magazine.

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