ST. LOUIS — Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced the acquisition of Alliance Commercial Pest Control by PestCo Holdings, a TCSP portfolio company.
Located in Tinton Falls, N.J., Alliance provides commercial and residential pest control in New Jersey, New York and Pennsylvania. With the backing of PestCo’s team and resources, Alliance aims to continue expanding its business within the region’s commercial food and beverage sector, TSCP reported. Terms of the transaction were not disclosed.
This is the sixth investment for PestCo, an acquisition company formed to consolidate the pest control industry.
“We are proud to make our entry into the New Jersey market with such a stable and promising company,” said Jay Keating, CEO of PestCo. “We are looking to grow this business and, by doing so, create opportunities for all members of the Alliance team.”
“Alliance was built on providing top quality pest control services to our clients for decades,” said R. Brett Madden, president of Alliance. “Partnering with TSCP enables Alliance to continue to support a strong future for our existing team while strategically scaling growth opportunities in various vertical markets.”
Jeff Aiello, managing director of TSCP, said, “We are excited to partner with the Alliance team and expand PestCo's growing presence in the middle Atlantic region. Alongside our previous acquisition of Presto, Alliance serves as a strategic addition to our rapidly growing food and beverage commercial business in the area.”
Paul Giannamore and Franco Villanueva-Meyer of The Potomac Company represented and acted as the exclusive financial advisors to Alliance in this transaction.