MEMPHIS — ServiceMaster announced today that it will acquire Assured Environments, a $31 million firm based in New York City that ranked 25th on this year’s PCT Top 100. The announcement was sent out in a press release prior to today's ServiceMaster 2018 Investor Day meeting.
Assured Environments is primarily a commercial pest control company specializing in servicing property management, hospitality, retail, education and food processing facilities. Assured provides pest control services to many of New York’s best-known buildings, including Rockefeller Center, Madison Square Garden, and the 9/11 Memorial Museum.
Assured Environments is led by Andrew Klein, who has served as the company’s president since 1994, when the company was known as Allied Exterminating.
“Andrew Klein and the Assured team have an incredible reputation for exceptional customer experiences in one of the key urban markets in the world,” Chief Executive Officer Nik Varty said in the press release. “This acquisition is well-aligned with our growth strategy, and we are excited about the potential to leverage this great team and their capabilities as we look to accelerate our expansion into exciting urban markets.”
As part of Varty's Investor Day presentation, he noted that Terminix's profile was very strong in suburban and rural markets, but that "one of the areas that was a huge untapped opportunity for us was the urban market space. It just makes the perfect right sense to bring in the leading provider [Assured Environments] in a tough, challenging market."
Founded in 1934, Assured Environments has built a culture of excellent customer service and employee satisfaction. The acquisition brings more than 200 full-time employees and marquee clients into the Terminix portfolio. Assured Environments will continue to operate as a separate company and as a Copesan partner, servicing national accounts in the New York area.
Klein also spoke as part of ServiceMaster’s Investor Day conference. He reflected on his lifelong involvement in the pest control industry as a third-generation PCO, noting that he began to view the pest control industry differently after Assured Environments became a Copesan Partner in 2004. “I realized that there was an entire universe of other opportunities out there in the country that we were missing,” he said. Klein said that as part of his “Copesan transformative journey” he met with Terminix and was impressed with the potential growth opportunities for he and his team. “I realized that Terminix wanted us not because of our revenue and customer base — although that was attractive. They wanted [Assured] for me and my team — and for what we could do for their team nationally and perhaps internationally.”
Check back with PCT Online as we will have additional coverage of this industry development.
ABOUT ASSURED ENVIRONMENTS
Year founded: 1934
Service area: Greater New York City and New Jersey
Yearly Revenues: $31 million (2017, source PCT Top 100)
Key personnel: Andrew Klein, president; Marc Popkin, senior vice president, finance; Andrew Feldstein, vice president of operations; Blake Bissonnette, CFO; Jerry Quinlan, technical director; Michael Bohan, sales manager
About: In 1934, Daniel J. Klein founded Allied Exterminating as a company focused on providing quality pest control to a variety of commercial accounts and high-rise residential buildings, which are still key sectors in Assured’s business model. In 1964, his son, Bob Klein, joined the company full time, and the pair grew Allied into one of New York City’s biggest and most highly regarded companies. The company experienced significant growth in the 1990s via M&A, including the acquisition of Ogden Allied Corporation’s pest control division, Pioneer Exterminating. Andrew Klein joined the company full time in 1989 and became president in 1994. Andrew Klein spearheaded efforts to rebrand the company as Assured Environments to better reflect the that the company as an IPM service provider.
LYNCHBURG, Va. - People have been using a battery of weapons in the battle against household pests like cockroaches and bedbugs for decades. Now, they have a new weapon. The newly established Bert Dodson Sr. Urban Entomology Enrichment Fund in the Virginia Tech College of Agriculture and Life Sciences will enable researchers, faculty, and Virginia Cooperative Extension professionals to implement novel solutions to urban pest problems and to share that knowledge with students, pest management professionals, and citizens. By researching ways to fight urban pests and sharing that knowledge through outreach and education, the fund will help society deal with the scourge of urban pests.
The fund was made possible by a gift from the family of Bert Dodson Sr. in the amount of $500,000. He founded Dodson Pest Control in 1944, along with his brother Robert, in Lynchburg, Virginia. Later, their brother Arthur joined them and they began to build the small company into what would eventually be one of the largest family-owned pest control companies in North America. Bert bought out his brothers in the early 1960s and expanded the enterprise throughout the mid-Atlantic region. Widely known for its bright yellow trucks, Dodson Brothers prides itself on delivering quality service with customer satisfaction being their principle goal.
Bert Dodson Jr., president and CEO of Dodson Pest Control, said that the members of Dodson family were all behind the decision to create the endowment.
“We want to give back to the community and to the Commonwealth of Virginia that has been so good to us for over the last 70 years,” he said. “We need the help of a research center, especially for training. Dodson Pest Control has been blessed with a good customer base and really good team members. We feel the support we got from Virginia Tech faculty over the decades has really helped our company grow and prosper. We are giving back to a great institution that has helped us throughout the years.”
The fund will help further the work of the Dodson Urban Pest Management Laboratory, which was founded in 1988 by a group of Virginia’s pest industry leaders to create knowledge and provide innovative control solutions. This information is delivered through Virginia Cooperative Extension to both pest management professionals and the public.
The laboratory is dedicated to applied research on urban insect pests and pesticide application tests. It is home to two insect rearing areas and has space for staff and students to conduct research. The lab is part of the Virginia Tech Department of Entomology, which is a recognized leader in advancing urban arthropod pest management.
The Virginia Pest Management Association (VPMA) is proud to support the vital research conducted at Virginia Tech’s Dodson Urban Pest Management Laboratory.
Discoveries made at the lab provide the cutting-edge information to the Pest Management industry not only here in Virginia, but across the nation. Your support will enable members of the VPMA, and the pest management industry, to remain on the leading edge of Urban Pest Management.
VPMA has launched the Bert Dodson Sr. Urban Entomology Enrichment Fund Fundraising Drive. This effort will begin in January of 2019 and seeks to match the Dodson Family’s contribution to the Virginia Tech Dodson Urban Pest Management Laboratory.
Your contributions to support this fund through the Virginia Tech Foundation will be recognized at different giving levels by VPMA. For more information, contact Andrea Coron, executive director at firstname.lastname@example.org or 540/374-9200.