Rollins cleans up with Adams Pest Control

Rollins has acquired Melbourne-based pest control provider Adams Pest Control.

The transaction will strengthen the buyer’s national presence in Australia.

No financial details were disclosed.

Following the acquisition, the target will join Rollins’ Orkin Australia portfolio, which includes brands such as Allpest and Scientific Pest Management.

Established in 1944, Adams Pest Control claims to be the leading pest controller in Melbourne, Geelong, Adelaide and surrounding areas.

The company deals with a variety of vermin and insects, including rats, ants and bed bugs, as well as possums and birds.

It operates through three subsidiaries, namely Adams Pestweb, Peter the Possum Man and Birds Away.

According to its website, the target’s electronic monitoring service helps to reduce pest presence by 60.0 per cent and limits face-to-face contact during the ongoing coronavirus pandemic.

Adam Pest Control’s online reporting programme, Pestweb, also allows customers to track insect and rodent activity, identify missed locations and receive advice from its staff.

The group’s clients include the likes of Crown, Harvey Norman, National Trust and Melbourne Grammar School.

Adam Pest Control’s director, Peter Taylor, will also join the Orkin Australia team.

More:  EQT concludes strategic review of its credit arm and announces sale to Bridgepoint

Headquartered in Georgia, Rollins is a global consumer and commercial services company.

It provides pest control and protection operations against termite damage, rodents and insects for more than 2.00 million customers worldwide, including in North America, Europe and Asia.

During the quarter ended 31st March 2020, Rollins generated revenue of USD 487.90 million, up 13.7 per cent from USD 429.07 million in the corresponding period of 2019.

Zephyr, the M&A database published by Bureau van Dijk, shows there have been ten deals targeting exterminating and pest control services providers announced globally in 2020 to date.

In the largest of these, Select Equity Group acquired security holdings in Rollins for USD 197.43 million.

Rentokil Initial, Sentinel Pest Management and Priority Pest Protection, among other companies, were also targeted in this sector.

© Zephus Ltd



More from: | Category: M&A News