The total U.S. William Blair/PCO M&A Specialists Pest Index increased 9 percent year-over-year in September 2024, accelerating modestly from the 7 percent result in August.
“After normalizing for workday noise in July and August, index performance in recent months has essentially been in line with the long-term historical average,” said William Blair Equity Researcher Tim Mulrooney. “This suggests that the U.S pest control market is also growing in line with the long-term historical average of 4 percent to 5 percent.”
The September results are just below the long-term average index growth rate of 10 percent.
“This growth number is exciting especially given the nervousness about the economy pre-election. It will be interesting to see where the number stands in the future given the results of the election,” added Dan Gordon, CPA, Pest Management Professional’s financial columnist and a partner in PCO Bookkeepers & M&A Specialists.
The month’s results by segment include:
- Residential Pest Index increased 7 percent year-over-year.
- Commercial Pest Index increased 14 percent year-over-year.
- Termite Index increased 7 percent year-over year.
- Bed Bug Index increased 4 percent year-over-year.
- Mosquito Index increased 9 percent year-over-year.
About the William Blair/PCO Bookkeepers & M&A Specialists Pest Index
The William Blair/PCO Bookkeepers & M&A Specialists Pest Index tracks the monthly performance of 146 privately held pest control companies across 38 states with combined annual 2023 revenue of $515 million. The purpose of the report is to track the monthly performance of several different U.S. pest markets. It does not include residential door-to-door companies.
<p>The post Pest Index shows September increase after August deceleration first appeared on Pest Management Professional.</p>
from Pest Management Professional https://www.mypmp.net/2024/11/12/pest-index-shows-september-increase-after-august-deceleration/
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