Pest Control Index Up 18% YOY in August, PCO M&A Specialists, William Blair Report

The total U.S. William Blair/PCO M&A Specialists Pest Index increased 18 percent year-over-year in August, showing an acceleration from July, which was up 11 percent year-over-year. The pickup in growth was driven by an acceleration across all four sub-indices (residential, commercial, termite, and bed bug). 

“The results in August were somewhat surprising, given the slowdown observed in June and July, and are more indicative of the type of growth recorded throughout the first half of 2022,” says William Blair Equity Researcher Tim Mulrooney. “The long-term historical average for the total pest index is 10.8 percent.” 

PCO M&A Specialists Managing Member Dan Gordon adds, “Despite all the negative economic news, August was a good month for the pest control industry, once again showing our resilience and resistance to downturns.” 

The Residential Pest Index increased 20 percent year-over-year and 7 percent on a sequential basis. The Commercial Pest Index increased 16 percent year-over-year and 5 percent on a sequential basis. The Wood Destroying (Termite) Index increased 13 percent year-over-year and 9 percent on a sequential basis. The Bed Bug Index increased 4 percent year-over-year and 10 percent on a sequential basis.