Reading, Pennsylvania Rentokil North America acquired New Hampshire-based JP Pest Services. The acquisition was finalized in December 2021.
“The JP Pest Services team has worked for nearly 100 years in New England to earn the trust of its 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 operations, we are excited to expand Rentokil’s presence in the region with our mission to protect people and improve lives.”
JP Pest Services, founded in 1923 and based in Milford, NH, serves communities throughout New England, including Maine, New Hampshire, Vermont, Massachusetts, Rhode Island and Connecticut.
“We are delighted to partner with Rentokil North America,” said Joseph J. Pestana, president of JP Pest Services. “One of our company’s goals is to provide exceptional customer service through results that provide peace of mind. Through this partnership and the many additional resources associated with Rentokil, JP Pest Services can better serve our employees and customers.
Kemp Anderson Consulting acted as exclusive financial advisor to JP Pest Services.
Rentokil Initial Q1 Reports
Rentokil Initial shared its Q1 2022 business update, showing that 2022 has started well for the company.
Rentokil Initial saw strong momentum from 2021 that continued into the first quarter and grew across all business categories and regions.
Highlights from the announcement include:
- Organic growth, excluding disinfection, of 8.0% (current revenue +12.3%).
- Inflation in input costs was fully recovered by price increases.
- The acquisition of Terminix is progressing well and remains on track to close in the second half of 2022, with a target completion date near the end of the third quarter.
- Business is doing well and is in line with company expectations.