Industry up 12 percent in April, per Blair/PCO M&A Specialists index

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 12 percent year-over-year in April 2024, up from 8 percent growth in March. The long-term historical growth rate of the total pest index is 11 percent.

“The pest index rebounded in April,” William Blair Equity Researcher Tim Mulrooney said in a news release. “The residential and commercial pest indices accelerated slightly during the month, but most of the outperformance was driven by the smaller indices, including termite, bed bug and mosquito — all of which rebounded materially in April. Much of this acceleration was driven by the termite index, which increased 10 percent year-over-year in April, up from flat year-over-year performance in March. Although March was weaker than expected, the data suggests that termite-related service revenue caught up in April.”

Dan Gordon, CPA, who is Pest Management Professional’s financial columnist as well as a partner in PCO Bookkeepers & M&A Specialists, added, “The index seems to have snapped back for April with a strong beginning to termite season. March appears to have been an anomaly, most likely created by bad weather.”

The April results by segment include:

• The Residential Pest Index increased 12 percent year-over-year.
• The Commercial Pest Index increased 13 percent year-over-year.
• The Termite Index increased 10 percent year-over-year.
• The Bed Bug Index increased 10 percent year-over-year.
• The Mosquito Index increased 27 percent year-over-year.

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 2023 revenue of $521
million. The purpose of the report is to track the monthly performance of several different U.S. pest markets. It does not include residential door-to-door companies.

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from Pest Management Professional https://www.mypmp.net/2024/06/03/industry-up-12-percent-in-april-per-blair-pco-ma-specialists-index/
Sacramento CA