The Potomac Co. announced the acquisition of its client, Pestech Pest Solutions, by Terminix. The transaction closed in late 2021; terms were not disclosed.
Pestech Pest Solutions was founded in 1989 by Bruce Davidson. With headquarters in Ferndale, N.Y., the company has grown significantly in three decades to operate throughout the state of New York and servicing 55 counties. It also services five counties in New Jersey and four counties in Pennsylvania.
Pestech Pest Solutions provides both commercial and residential pest control services with just over 60 employees.
After Pestech Pest Solutions had been operating for 20 years, Pestech Pest Solutions became QualityPro certified — credentialing program created by the National Pest Management Association (NPMA).
Just one year later in 2010, Pestech Pest Solutions was asked to join Copesan, an alliance of regional pest management providers, to become a Copesan shareholder. With his new certification and partnership with Copesan, Davidson was later recognized as Copesan’s Large Partner of the Year in 2014 and 2018.
In 2005, Davidson’s son, Mark, joined the family business as a service technician. Over the course of 16 years, he found a passion within the industry and successfully advanced in his career becoming CEO of Pestech Pest Solutions in mid-2020. Shortly before, Mark also joined QualityPro as a board member. Mark continues to oversee the day-to-day operations and plans for the future of Pestech Pest Solutions.
Paul Giannamore and Franco Villanueva-Meyer of The Potomac Co. advised Pestech Pest Solutions in its acquisition by Terminix.
About Terminix
E. L. Bruce, owner of a hardwood flooring company in Memphis in the 1920s, was searching for a method of protecting his wood flooring from damage by termites. When his senior chemist Frank Lyons developed the first termiticide, an insecticide specifically designed to kill termites, he realized they had discovered the formula to “nix the termites.” Hence the name Terminix, and the opening of the Bruce Terminix Research Laboratory in 1927.
In 1955, Terminix was the first company to offer a termite protection contract with annual inspections and a guarantee. Two years later, franchisees began offering residential and commercial pest control services.
Over the next 30 years, Bruce’s company would continue to expand nationally and internationally. In 1986, Terminix joined the ServiceMaster family of brands and by 1990, it was the largest pest control company in the world.
The post Terminix acquires Pestech Pest Solutions appeared first on Pest Management Professional.
from Pest Management Professional https://www.mypmp.net/2022/03/29/terminix-acquires-pestech-pest-solutions/
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