SAN FRANCISCO – Gryphon Investors, a San Francisco-based middle-market private equity firm, announced that it has made a majority investment in PestRoutes. Existing financial sponsor Mainsail Partners will retain a minority stake, as will PestRoutes co-founder, Jared Green. The current executive team, led by CEO Patrick McKittrick, will continue to manage the business.
Founded in 2012 and based in McKinney, Texas, PestRoutes provides business management software and, through its Lobster Marketing brand, integrated marketing solutions to pest control, lawn care, pool servicing, and other field service industries. The Company serves over 1,500 residential and commercial pest control and field service companies, automating all aspects of their operations, including route optimization, real-time technician tracking, customer communications, scheduling, and billing.
“PestRoutes serves a number of large and growing field services markets with complex software needs that are not being met by existing solutions,” said Jon Cheek, Deal Principal in the Software Group at Gryphon. “PestRoutes not only addresses the complicated requirements of field services companies of all sizes, but it does so through the use of modern, easy-to-use software complemented by high-quality customer service, which together provide tremendous value and a superior customer experience.”
As part of the transaction three Gryphon executives will join the PestRoutes Board of Directors – Nick Orum, President and Co-Head of the Software Group; Carl Theobald, Software Operating Partner; and. Cheek – joining Mainsail Partner Jason Payne, who remains on the board.
McKittrick commented, “We have enjoyed rapid growth under our partnership with Mainsail and we are now excited to work with Gryphon as we pursue further expansion of functionality to our existing customers and markets as well as products serving new industries within field services. Gryphon’s added financial and operational resources will allow us to more easily scale our operations rapidly and efficiently, ultimately improving the already high-quality experience that our customers have come to associate with PestRoutes.”