From left are: Sam Hagopian, Sam Hagopian III, Ryan Fowley, Ed Heller, Jerry Lubrano Jr., Stuart Aust, Daniel Aust, Nick Aust and Chris Aust. Not pictured: Brady Lubrano. PHOTO: THE AUST GROUP
Excel Termite & Pest Control, headquartered in River Edge, N.J., purchased Twin Boro Termite & Pest Control. The transaction closed on Jan. 15, and the terms were not disclosed.
Twin Boro, located in Westwood, N.J., was founded by the late Jerry Lubrano in 1976, when he was 23 years old. The company primarily serves residential customers in the northern New Jersey county of Bergen. Each year, Twin Boro Termite & Pest Control performs pest and termite control services for more than 1,500 homes.
“Over the past 40 years, Jerry Lubrano and the Twin Boro staff built one of the most recognizable companies in Northern New Jersey, and we are very excited to partner with them,” said Sam Hagopian, president of Excel Termite & Pest Control. “Twin Boro is a great fit because we share the same core values and commitment to both our employees and customers. With our resources, we will be able to build upon that commitment and prosper into the future together.”
Service Manager Ed Heller operated Twin Boro since Lubrano’s passing in February 2019. Key employees Teddy Calderon and Mary Lynch helped operate the business. Heller and the rest of the Twin Boro staff plan to remain with Excel.
Lubrano’s daughter, Brady, said: “Thank you very much to The Aust Group for guiding and representing us with the sale of our father’s business. We are happy with the new owners and know Twin Boro’s existing customers will be, too.”
The Aust Group represented Twin Boro as the exclusive financial adviser for this transaction. The Paramus, N.J.-based consulting firm was founded by Stuart Aust, who is a member of Pest Management Professional’s (PMP‘s) Editorial Advisory Board.
“For a company with such an incredible history, it was a real honor to serve as an adviser on behalf of Twin Boro,” Aust said. “Growing up in Washington Township, New Jersey, my parents were clients of Twin Boro as they were the premier pest control company in our area. I remember seeing the yellow trucks everywhere – they were hard to miss. We are glad to see the Twin Boro legacy live on with the acquisition by such a reputable company in Excel Termite & Pest Control.”
Known for their bright yellow service trucks, Twin Boro served as pioneers for marketing and advertising in the pest control industry, according to a statement from the Aust Group. The vehicles became so popular among customers that Twin Boro adopted the slogan: “You’ve Seen Our Yellow Trucks.”
The post The Aust Group facilitates New Jersey deal appeared first on Pest Management Professional.
from Pest Management Professional https://www.mypmp.net/2020/01/31/the-aust-group-facilitates-new-jersey-deal/
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