Industry up 12 percent in October, per Blair/PCO M&A Specialists index

The total William Blair/PCO M&A Specialists Pest Index increased 12 percent year-over-year in October 2024, accelerating from the 9 percent result in September. The October results are above the long-term average pest index growth rate of 10 percent.

“After normalizing for one extra workday in October, index performance was consistent with September and is essentially in line with the long-term historical average,” said William Blair Equity Researcher Tim Mulrooney. “On a sequential basis, the index increased 4 percent from September, which is strong relative to normal seasonal trends.”

Dan Gordon, CPA, Pest Management Professional’s financial columnist and a partner in PCO Bookkeepers & M&A Specialists added, “This is great news for the industry. While over the past year or so our feeling that the revenue increases related to price increases to keep pace with inflation, it appears that as inflation is reverting back to the mean the industry increases seem to be real dollars.”

The month’s results by segment include:

• Residential Pest Index increased 12 percent year-over-year.
• Commercial Pest Index increased 15 percent year-over-year.
• Termite Index increased 11 percent year-over-year.
• Bed Bug Index increased 9 percent year-over-year.
• Mosquito Index increased 8 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.

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from Pest Management Professional https://www.mypmp.net/2024/12/13/industry-up-12-percent-in-october-per-blair-pco-ma-specialists-index-2/
Sacramento CA