***updated on Feb. 8***
Rentokil announced the acquisition of Allgood Services (which trades as “Allgood Pest Solutions”), headquartered in Atlanta and also operating in Tennessee. Allgood Pest Solutions is a $27 million company that ranked #29 on last year’s PCT Top 100 list. (Note: This acquisition does not include the purchase of Allgood Services, Inc. which is based in Dublin, Georgia, and also operates under the Allgood Pest Solutions brand, outside of the Atlanta market.)
This acquisition marks a significant expansion for Rentokil Steritech in the southeast United States. The deal closed on Feb.1 and terms were not disclosed.
The acquisition brings 13 branch offices covering northern and coastal Georgia plus eastern Tennessee and a team of 260 colleagues including 140 pest control specialists. The company offers residential and commercial pest control, as well as termite, mosquito, bed bug, and wildlife control. All current employees will stay on and the existing leadership will remain in place to run the operations going forward to ensure the smoothest transition for all customers.
"We are very excited to have acquired Allgood Pest Solutions of Duluth, Georgia. The addition of such a quality team serving the key Southeast market allows us to strengthen both our residential and commercial capabilities," said John Myers, president and CEO, Rentokil Steritech. "We immediately recognized a strong cultural compatibility between our companies as our teams both deeply value the importance of delivering superior customer service to residential and commercial customers."
"This move marks the start of a great partnership with Rentokil Steritech and we are thrilled to join forces with such a well-run and growth oriented organization," said Chuck Tindol, Senior VP of Marketing and Sales for Allgood Services of Georgia, Inc. (related, "Time was Right to Sell, Tindol says").
Lance Tullius, LR Tullius, Inc., represented and acted as exclusive financial advisor to Allgood Services of Georgia, Inc.