Middleton Pest Control Acquires Ron Fee Inc.

FORT LAUDERDALE, Fla. — Sunair Services Corporation announced that it has acquired, through its subsidiary Middleton Pest Control, Inc., the assets of privately held Ron Fee Inc.

Ron Fee Inc., serves over 13,000 residential and commercial customers with customized lawn, shrub and household pest control and subterranean termite control programs. Ron Fee Inc. operates 2 branches (Odessa and Spring Hill) in West Central Florida servicing Citrus, Hernando, Pasco, Pinellas and Hillsborough counties. Ron Fee Inc. opened its household pest control division in 1993 and added the termite division in 2003. Ron Fee Inc. presently has a fleet of over 50 trucks and a staff of more than 60 employees.

The purchase price for the assets of Ron Fee Inc. was approximately $5,200,000, consisting of $4,000,000 from the companies’ revolving credit facility, a $1,200,000 promissory note and shares of Sunair common stock.

“Ron Fee Inc. is a great fit for Middleton since West Central Florida represents a strong market for us. We believe this acquisition will not only enable us to accelerate our growth, but also enhance our position as a viable competitor in this market,” said Greg Clendenin, president and CEO of Middleton. “We welcome the Ron Fee Inc. team to the Middleton and Sunair.”

“Middleton Pest Control, Inc. was the only company I felt confident in selling to because of their excellent reputation. Our team at Ron Fee, Inc is thrilled to be part of Middleton and Sunair Services,” said Ron Fee Sr.