ORANGE, Conn. — Orkin has acquired Connecticut Pest Elimination (CT Pest Elimination). The transaction, which closed on Jan. 18, was reported by The Aust Group, the exclusive financial advisor for CT Pest Elimination.
Michael and Mary Ann Lipsett formed CT Pest Elimination in 1990 and scaled their business to become the largest privately held pest control operation in Connecticut. Michael Lipsett has been involved in several industry organizations with board seats on both Connecticut Pest Management Association (CPMA) and Connecticut Coalition Against Bed Bugs (CCABB).
CT Pest Elimination employs 60 employees and averages 40 vehicles on the road daily. They are members of National Pest Management Association (NPMA) and Connecticut Pest Management Association.
Michael Lipsett said, “Working with The Aust Group was the best decision we could have made for brokering our business. They were so professional and spent a lot of time preparing us for the sale in advance.”
Stuart Aust, principal of The Aust Group, added, “It was an honor and a pleasure to represent Michael and Mary Ann throughout the acquisition process. We feel this acquisition serves as a great fit for both parties and are excited to see the future growth of Connecticut Pest Elimination with the Orkin team.”
Terms of this transaction were not disclosed.