MENOMONEE FALLS, Wis. – Copesan Services announced last week that it will be ending its business relationship with Waltham Services, headquartered in Waltham, Mass., in response to the announcement that Waltham has entered into a definitive purchase agreement to be acquired by Orkin. It is anticipated the sale will be finalized in late July. This decision will involve the transfer of Copesan accounts to other Copesan Partners and the repurchase of Copesan stock.
“It is a bittersweet situation,” said Deni Naumann, president of Copesan. “We certainly respect the decision of owner Clarke Keenan to sell his family-owned business; however, we will deeply miss the friendships and camaraderie built over the years with Waltham’s employees throughout the Copesan Partner network. Clarke, his family and his team have held a variety of leadership positions with Copesan and these individuals have been valued contributors in our partnership’s success.”
Due to Copesan’s ongoing Partner expansion strategy to ensure back-up coverage in all areas, “Our overlapping service capability by other Copesan Partners in all of Waltham’s service territory gives us the ability to transfer our accounts to other service providers,” stated Naumann. “Our clients will be placed in the capable hands of the local service centers of our Partners that will be assuming the service responsibilities for these locations. We intend to continue to deliver the same high level of service our clients have come to expect from Copesan.” Naumann told PCT that Copesan is currently "working through the details" to determine which of its Partners will take over the service of Copesan accounts serviced by Waltham Services.
Leadership from the Copesan, Waltham and Orkin organizations will work together on the transition of the business and associated timelines. “Our primary focus at this point is on the smooth and methodical transition of the Copesan accounts to their new service Partner and on maintaining uninterrupted, quality service at every client location,” added Naumann.
“I would like to recognize the significant contributions the Keenan family has delivered for the betterment of Copesan. Richard (Dick) in Copesan’s early formative years and Clarke up until last month, both served in many capacities while on the Copesan Board of Directors. Clarke’s brother Jonathon also participated on various Copesan committees. Over time, family priorities can change. While we are sad to see Clarke and the Keenan family move on, I am glad that the Keenan family will be in a position to start their next phase of life” stated Alfie Treleven, Chairman of the Board of Copesan.
“I understand and can appreciate that news of this sort may create a bit of uneasiness, however, it is important to note that this is not the first time we've been through this type of situation with a Partner company. I can assure you in all previous cases we've pulled through with flying colors. In fact, after each one, Copesan has become stronger. This time should be no different,” Naumann said.