Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced the acquisition of the assets of Bio-Tech Pest Control (Bio-Tech) by PestCo Holdings, LLC (PestCo), a growth-oriented, national provider of pest control services to residential and commercial customers and a TSCP portfolio company. This acquisition represents a strategic addition in the Houston market, one of the largest and fastest-growing cities in the United States. Terms of the transaction were not disclosed.
PestCo Holdings
“We continue to expand our presence in the great state of Texas and are excited about the addition of the Bio-Tech team to the PestCo family. Our goals remain consistent in that we will strive to earn the loyalty of each Bio-Tech customer, while expanding opportunities to PestCo team members across the U.S.,” said Jay Keating, CEO of PestCo.
“Thompson Street is pleased to support PestCo’s continued expansion in the Houston metropolitan area through the acquisition of Bio-Tech, a well-established and respected player in the region,” said Dan Cooper, Managing Director at TSCP.
Bio-Tech Pest Control
Based in Spring, TX, Bio-Tech is a leading provider of residential and commercial pest control services throughout metropolitan Houston.
Pierre Riettini and Jason Pitman, owners of Bio-Tech Pest Control, said, “For over 30 years, we worked hard to build a tremendous company with many great people involved along the way. As hard as it is to let go, we felt that PestCo was the right fit and this is the right time. We know that PestCo will treat our employees and customers every bit as well as we did and we’re excited to see where Bio-Tech goes from here.”
About Thompson Street Capital Partners
Thompson Street Capital Partners is a middle-market private equity firm that helps transform already exceptional businesses into market leaders. Based in St. Louis, Missouri, TSCP invests globally in the life sciences and healthcare, software and technology, business and consumer services and products sectors. TSCP partners with management teams to increase value by ac
About the Author
RJ is the digital media specialist for PMP magazine. He can be reached at rsimon@northcoastmedia.net or (216) 675-6001.
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