Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, Mo., announced the acquisition of Bel-O Pest Solutions by PestCo Holdings, a TSCP portfolio company.
Located in Swansea, Ill., Bel-O Pest Solutions is a provider of residential and commercial pest control in the St. Louis area. With the backing of PestCo’s team and resources, a news release states, “Bel-O Pest Solutions is positioned for accelerated growth while continuing their legacy of high-quality service.” Terms of the transaction were not disclosed.
This is the fourth investment for PestCo, an acquisition company formed to consolidate pest control companies.
“Bel-O has consistently prioritized its team and customers,” said Ron Hodgkins, founder of Bel-O. “Partnering with PestCo and TSCP will enable us to continue to provide opportunities for our team and deliver excellent customer service while increasing our focus on growth.”
Jay Keating, CEO of PestCo, added, “Bel-O is an established, quality-focused company and we believe a solid way for us to enter the St. Louis market. We’re excited about this opportunity. Ron has built a solid team and we look forward to working with them in our mission to earn loyalty and create opportunities for both our employees and customers in greater St. Louis.”
“Being based in St. Louis, the TSCP team is excited for PestCo to enter the growing St. Louis pest control services market. Bel-O represents a beachhead for PestCo to aggressively grow its presence in the Missouri/Illinois bi-state region organically and via add-on acquisitions,” said Jeff Aiello, TSCP managing director.
Paul Giannamore and Franco Villanueva-Meyer of The Potomac Co. represented and acted as the exclusive financial advisors to Bel-O Pest Solutions in this transaction.
The post PestCo Holdings acquires Bel-O Pest Solutions appeared first on Pest Management Professional.
from Pest Management Professional https://www.mypmp.net/2022/05/23/pestco-holdings-acquires-bel-o-pest-solutions/
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