The total U.S. pest index increased 9.9
% year-over-year in July,
according to the recent PCO M&A Specialists
and William Blair
report. This marks a deceleration from June 2021, which was up 12
The deceleration was primarily driven by a slowdown in the commercial and termite indices in July. On a sequential basis (from June 2021 to July 2021), the index decreased 2.5% year-over-year.
“While the industry continues to show resiliency, the level of growth we saw during the spring year over year did not carry over to summer, as the country began to open up last summer,” says PCO M&A Specialists Managing Director Dan Gordon. “This was as expected.”
The Residential Pest Index increased 10.8% year-over-year and decreased 1.4% on a sequential basis. The Commercial Pest Index increased 14% year-over-year and 0.2% on a sequential basis.
The Wood Destroying (Termite) Index increased 5.8% year-over-year and decreased 11.3% on a sequential basis. The Bed Bug Index decreased 7.4% year-over-year and increased 4.8% on a sequential basis.