August Pest Index Up 11 Percent

CHICAGO - The total U.S. William Blair/PCO Bookkeepers & M&A Specialists Pest Index increased 11 percent year-over-year in August, showing a slight deceleration from the 12 percent growth observed in July. The results over the last two months are in line with the long-term historical average index growth rate of 12 percent, despite elevated temperatures in July and August across the South and Southeast. 

“Although we believe industry pricing remains above the long-term historical average, we suspect pricing has begun to normalize as companies continue to lap the larger price increases implemented last year,” says William Blair Equity Researcher Tim Mulrooney. “The residential pest and commercial pest indices continue to grow slightly above their long-term historical averages.”

Dan Gordon, managing member of PCO Bookkeepers & M&A Specialists, adds, “We continue to see the strength in demand for our services even as the rest of the economy weakens, which further illustrates the resiliency of our industry and the necessity of our services.”

The August results by segment include:  The Residential Pest Index increased 15 percent year-over-year; the Commercial Pest Index increased 14 percent year-over-year; the Termite Index decreased 1 percent year-over-year; the Bed Bug Index increased 7 percent year-over-year; and the Mosquito Index increased 3 percent year-over-year. View the full report and the archive of past reports at SellMyPCOBusiness.com.