Industry up 11 percent in December, per Blair/PCO M&A Specialists index


February 14, 2024

Please Fill Out The Following Fields.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. The total U.S. William Blair/PCO Bookkeepers & M&A Specialists Pest Index increased 11 percent year-over-year in December 2023 in line with the average growth rate over the previous three months.

“This is also in line with the long-term historical growth rate of the total pest index of 11 percent, showing continued normalization after two years of above-average growth in 2021 and 2022,” said William Blair Equity Researcher Tim Mulrooney.

Additionally, the total pest index increased 11 percent in the fourth quarter of 2023, the same result as the third quarter of 2023.

Dan Gordon, CPA, who is Pest Management Professional’s financial columnist as well as a partner in PCO Bookkeepers & M&A Specialists, added, “The industry is displaying its resiliency. Like many other industries, it’s seeing a reversion back to the historical mean as it relates to revenue growth.”

The December results by segment include:

  • The Residential Pest Index increased 14 percent year-over-year.
  • The Commercial Pest Index increased 12 percent year-over-year.
  • The Termite Index increased 2 percent year-over-year.
  • The Bed Bug Index decreased 1 percent year-over-year.
  • The Mosquito Index decreased 2 percent year-over-year.

View the full report and the archive of past reports at


About the Author

Ellen Wagner

Ellen Wagner is the digital editor for PMP magazine. She can be reached at

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