The William Blair/PCO M&A Specialists Pest Index is a proprietary index of the monthly sales for 140 different U.S. pest control companies across 30 states. For September 2021, the total U.S. pest index increased 14.3 percent year-over-year.
This marks a slight deceleration from August 2021, which was up 15 percent year-over-year. On a sequential basis, the index decreased 2.6 percent from August 2021.
The performance in September was driven by n acceleration in the residential index, offset by a slowdown in the commercial, termite and bed bug indices, according to William Blair Equity Researcher Tim Mulrooney.
The Residential Pest Index increased 18.9 percent year-over-year and decreased 1.8 percent on a sequential basis. The Commercial Pest Index increased 12.5 percent year-over-year and decreased 2.21 percent on a sequential basis. The Wood Destroying (Termite) Index increased 6.5 percent year-over-year and decreased 6.5 percent on a sequential basis. The Bed Bug Index decreased 1.3 percent year-over-year and 7.6 percent on a sequential basis.
“As the trend to work from home proliferates, so does the need for home services,” said Dan Gordon, managing member of PCO M&A Specialists and PCO Bookkeepers and Pest Management Professional’s financial columnist. “Pest control is right smack in the middle of this demand, leading to a year-over-year increase of residential services of 18.9 percent, which is fantastic growth for the industry.”
View the full September report and the archive of past reports at SellMyPCOBusiness.com.
The post Industry up 14.3 percent over September 2021, per Blair/PCO M&A Specialists index appeared first on Pest Management Professional.
from Pest Management Professional https://www.mypmp.net/2021/10/28/industry-up-14-3-percent-over-september-2021-per-blair-pco-ma-specialists-index/
Sacramento CA
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