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Rollins to buy Clark
Posted on Thursday, 10 January 2019 14:11
Rollins is adding to its pest management portfolio by acquiring California-based Clark Pest Control for an undisclosed sum.
Founded in 1950, Clark is billed as the 8th largest business of its kind in the US in terms of 2017 revenue, according to rankings compiled by Pest Control Technology.
The company operates 26 sites in California and Nevada and develops products with an emphasis on removing vermin using the most humane methods possible.
As well as residential pest management, it also serves commercial industries such as government locations, healthcare facilities, schools and universities and shipping ports.
The target adds to Rollins’ existing portfolio of pest management firms, which includes Hometeam Pest Defense, Orkin Canada, Western Pet Services and Aardwolf Pestkare.
Subject to regulatory approval, the transaction is expected to complete in the first quarter of 2019.
Clark’s subsidiary, Geotech Supply, is included in the deal.
According to Zephyr, the M&A database published by Bureau van Dijk, there were 20 deals targeting exterminating and pest control services providers announced worldwide in 2018.
Sweden-based Alecta, in the largest of these, bought a minority stake in Anticimex for SEK 1.50 billion (USD 168.23 million).
Other companies targeted in this sector last year include Osung Fuel Cell, RapidAIM, Pest Arrest and Iredell Pest Control.
Headquartered in Georgia, Rollins describes itself as a premier global consumer and commercial services company, providing extermination services to 2.00 million customers spanning six continents.
Aside from those mentioned previously, its other businesses include Waltham Services, AllPest, POC Pest Services and Industrial Fumigant.
For the nine months ended 30th September 2018, it posted revenue of USD 1.38 billion, up from USD 1.26 billion in the corresponding period of 2017.
© Zephus Ltd