The 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 August, the index increased 11 percent year-over-year, showing a slight deceleration from the 12 percent growth observed in July.
The results over the last two months are in line with the long-term historical average index growth rate of 12 percent, despite elevated temperatures in July and August across the South and Southeast.
“Although we believe industry pricing remains above the long-term historical average, we suspect pricing has begun to normalize as companies continue to lap the larger price increases implemented last year,” William Blair Equity Researcher Tim Mulrooney said in the news release. “The residential pest and commercial pest indices continue to grow slightly above their long-term historical averages.”
Dan Gordon, CPA, who is Pest Management Professional’s financial columnist as well as a partner in PCO Bookkeepers & M&A Specialists, added, “We continue to see the strength in demand for our services even as the rest of the economy weakens, which further illustrates the resiliency of our industry and the necessity of our services.”
The August results by segment include:
- The Residential Pest Index increased 15 percent year-over-year.
- The Commercial Pest Index increased 14 percent year-over-year.
- The Termite Index decreased 1 percent year-over-year.
- The Bed Bug Index increased 7 percent year-over-year.
- The Mosquito Index increased 3 percent year-over-year.
View the full 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 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.