***Article was updated on 10/11, at 11:45 a.m. with comments from Chris McCloud***
MEMPHIS – ServiceMaster, parent company of Terminix, has acquired Elgin, Ill.-based McCloud Services, a $25 million firm that ranked #31 on the most recent PCT Top 100 list. The deal closed earlier this week, according a ServiceMaster spokesperson confirmed.
Founded in 1904, McCloud Services has grown to become a leading pest control provider in the commercial sector, particularly health care, hospitality, property management and retail industries. McCloud Services protects more than half of the nation’s largest food-related brands and services across a 10-state region with more than 200 employees.
Since 2008, McCloud Services has been led by CEO Chris McCloud. Earlier this year, longtime industry professional Stephanie Dickson was promoted to president of McCloud Services. Both Chris McCloud and Dickson will continue to lead the business in their current roles, alongside the company’s existing management team.
Greg Rutherford, president of Terminix Commercial, said in a statement, “We are excited about teaming up with Chris, Stephanie and the McCloud Services team. This partnership, based on innovative pest management in the food industry, will strengthen our position in the Midwest, and our ability to provide exceptional commercial pest management experiences.”
In addition to expanding its Midwest footprint, Terminix Commercial will benefit from McCloud’s expertise in providing next generation, data-driven platform for integrated pest management in the food supply chain, Rutherford said in the statement. “We intend to leverage the McCloud team to help us apply their innovative food industry practices across our global pest management system, leading the way to accelerate better and safer food practices and providing protection to millions of families.”
McCloud Services is a current stockholder and original Copesan Services partner. Chris McCloud served on the Copesan Board of Directors beginning in 2007 and concluding in 2018 when Copesan was sold to ServiceMaster.
McCloud Services will continue to operate under its current brand, according to ServiceMaster.
LR Tullius represented and acted as exclusive financial advisor to McCloud on the transaction.