American Pest acquires Triple S

IMAGE: THE POTOMAC CO.

The Potomac Co. announces the sale of its client, Triple S Services, to American Pest, an Anticimex portfolio company.

Based in Manassas, Va., with offices in Beltsville, Md.; Fredericksburg, Va.; and Charlottesville, Va.; the 37-year-old Triple S is a family-owned and -operated company that serves the Washington, DC, metro area and most of Northern Virginia.

“With the acquisition of Triple S, we will expand our service territory south into Charlottesville and Richmond, Virginia,” says David Billingsly, president of American Pest. “Triple S and American Pest share a reputation of integrity, dependability and expertise, and we have tremendous respect for Triple S’s achievements. The synergies between our service lines and teams will significantly enhance opportunities to serve our customers.”

Triple S President Tony Sfreddo agreed, adding, “I am confident that the partnership with American Pest is the best and most promising option for Triple S and the most positive outcome for our business, our employees and our clients. We share the same values and Triple S will further pursue its strategy, accelerate its development, and deliver its pest control vision, as a part of American Pest.”

“Phil and Tony have truly built an amazing business, and how they dealt with the sell-side process reflected how they did business on a day-to-day basis,” notes Paul Giannamore, managing director of Potomac’s Pest Control Group. “From the first step through the closing, there was never a day that they didn’t put their people first. This business was founded by their father, Clement Sfreddo. Though I never got an opportunity to meet Clem, as he passed away at a relatively young age, the way that Tony and Phil conducted themselves over the years and the decisions that they made reflected the culture that Clem established and the values that he instilled as a young founder. I am extremely happy to be able to honor the memory of Clem by advising his company and his sons, he would be very proud of them today.”

The acquisition of Triple S Pest Services is Anticimex’s largest add-on acquisition in the United States. It’s also American Pest’s seventh and largest acquisition, bringing 70 professionals to its growing team.

Giannamore and Ericka Andes of The Potomac Co. acted as exclusive financial advisors to Triple S Termite & Pest Control. Cory Vargo, of Wipfli/Macpage, acted as tax advisor.

from Pest Management Professional https://www.mypmp.net/2018/10/30/american-pest-acquires-triple-s/
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