Rentokil acquires JP Pest Services, shares Q1 reports

Reading, Pa.-based Rentokil North America acquired New Hampshire-based JP Pest Services. The acquisition was finalized in December 2021.

“The JP Pest Services team have worked for nearly 100 years in New England to build the trust of their customers and colleagues, and we look forward to continuing that legacy,” said John Myers, president and CEO of Rentokil North America. “With both residential and commercial business, we are thrilled to expand the Rentokil presence in the area with our mission to protect people and enhance lives.”

JP Pest Services, founded in 1923 and based in Milford, N.H., serves communities throughout New England, including Maine, New Hampshire, Vermont, Massachusetts, Rhode Island and Connecticut.

“We are pleased to join forces with Rentokil North America,” said Joseph J. Pestana, president of JP Pest Services. “One of the objectives of our company is to provide exceptional customer service through results that deliver peace of mind. With this partnership, and the many added resources associated with Rentokil, JP Pest Services can better deliver for our employees and customers.”

Kemp Anderson Consulting acted as exclusive financial advisor to JP Pest Services.

Rentokil Initial Q1 reports

Rentokil Initial shared its 2022 Quarter 1 trading update, showing 2022 started well for the company.

Rentokil Initial had strong momentum from 2021 continuing into Q1 and had progress across all business categories and regions.

Highlights of the announcement include:

• Organic growth, excluding disinfection, of 8.0 percent (ongoing revenue +12.3 percent).
• Input cost inflation entirely recovered by price increases.
• The Terminix acquisition is progressing well and remains on track to complete in the second half of 2022, with a target completion date towards the end of the third quarter.
• Business is performing well and in line with the company’s expectations.

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from Pest Management Professional https://www.mypmp.net/2022/04/21/rentokil-acquires-jp-pest-services-shares-q1-reports/
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