Rentokil Announces Acquisition of Environmental Pest Service

FOR IMMEDIATE RELEASE

READING, Penn. (Jan. 8, 2021) – Rentokil North America, a global pest control leader, announces the acquisition of Environmental Pest Service, the parent company of Bug Out Service and Arrow Environmental Services. The acquisition significantly expands Rentokil’s service operations in Florida, North Carolina and Georgia. 

"The Environmental Pest Service team has built an impressive company, committed to excellence in their pest control craft,” said John Myers, President and CEO of Rentokil North America. “We are expanding to meet the growing needs of residential and commercial customers across the Southeast with this acquisition. We look forward to welcoming the customers and more than 600 colleagues to the Rentokil family.”

Environmental Pest Service, which ranked No. 15 on the 2020 PCT Top 100 list, has more than 100 years of experience in pest control, serving communities throughout Florida, southeast Georgia, metro Atlanta and central North Carolina.

“We are thrilled with the opportunity to combine our incredible, customer-focused, high-performing team with Rentokil North America,” said Environmental Pest Service CEO, Shawn Lucht. “Our mirrored cultures are a perfect match and will result in impressive future growth.” 

George Pickhardt, Environmental Pest Service’s Chairman of the Board, partnered with Ken Hooten of Concentric Equity Partners in 2010 to significantly expand the platform Pickhardt took over from his father in 1992.  

“We are proud to have built an organization committed to serving both customers and front-line employees, and we are pleased to have Rentokil carry our mission forward,” said Rob Swartz, Operating Partner at Concentric Equity Partners. 

LR Tullius represented and acted as exclusive financial advisor to Environmental Pest Service on the transaction.  

For additional information on Rentokil, visit www.rentokil.com/us/.   

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About Rentokil: In fast-paced businesses, there's no room for pests. Rentokil believes in protecting brands and their customers by minimizing pest disruptions to business. The company's highly-trained experts leverage an integrated pest management approach, honed best practices and field-tested protocols to create pest-free environments. 

Rentokil is part of Rentokil North America, which provides commercial and residential pest control to customers in the U.S., Canada and Puerto Rico. The comprehensive pest management solutions include general pest control, mosquito, termite and bed bug inspections and service, vegetation management and bird management. 

In addition, Rentokil North America operates business services companies including Ambius, specializing in hand, air and surface hygiene solutions with Hygiene360 as well as interior landscaping and scenting; Steritech, offering food safety and operational assessments; SOLitude Lake Management, providing lake and pond solutions; and Vector Disease Control International, which serves governments and municipalities with mosquito control services. 

For more information on Rentokil, visit www.rentokil.com/us

About Concentric Equity Partners:

Concentric Equity Partners is a private investment firm that partners with leading middle market companies by providing capital and strategic advisory to accelerate long term value creation. The firm’s approach is simple: support entrepreneurs and operators by providing the resources required to achieve extraordinary results. Concentric Equity Partners is the direct investing arm of Financial Investments Corporation, a private asset management firm and family office with over $2 billion in investment commitments under management. Financial Investments Corporation was founded in 1994 by father and daughter Harrison and Jennifer Steans and has been partnering with private companies for more than 25 years.

MEDIA CONTACTS:
Erin Kelly
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