(Pictured, from left to right, Jeremy Kreer, CEO; Cindy McMahon, accounting; Debbie Krimm-Long, administrative operations; Charlene Schwitters, administration; and James Foley, operations officer.)
READING, Pa. — Rentokil Steritech, a Rentokil North America company, finalized a deal to acquire Elkton, Md.-based Advanced Pest Management (APM), a $6.9 million firm. The acquisition further expands Rentokil Steritech’s density in the Northeastern U.S. market. Terms of the deal were not disclosed.
Established in 1964 by the Kreer family, APM was sold in 2003 to Jeremy Kreer; he has led the business as President for the last 15 years. The business has built a long-standing reputation as a provider of outstanding customer service to homeowners and businesses from southern New Jersey through Delaware to Baltimore, Maryland.
“The addition of APM’s local market leadership to our growing family of experts further enhances our ability to serve both residential and commercial customers in the Northeast,” said John Myers, president and CEO of Rentokil Steritech. “Jeremy and his team share our high-level commitment to customer experience and world-class pest control services and we are excited to have them onboard.”
“At APM, our focus has always been on providing exceptional customer service, paired with the utmost integrity, in all our transactions, ” said Jeremy Kreer, president of APM. “We believe that joining the Rentokil Steritech family of companies will allow us to continue that tradition. We look forward to providing our customers with additional service offerings that help them further protect their homes and businesses, and contributing our expertise to continue growing the Rentokil Steritech range of services.”
Paul Giannamore of The Potomac Company acted as the exclusive financial advisor to Advanced Pest Management.