The total U.S. William Blair/PCO Bookkeepers & M&A Specialists Pest Index increased 11 percent year-over-year in December 2023 in line with the average growth rate over the previous three months.
“This is also in line with the long-term historical growth rate of the total pest index of 11 percent, showing continued normalization after two years of above-average growth in 2021 and 2022,” says William Blair Equity Researcher Tim Mulrooney.
Additionally, the total pest index increased 11 percent in the fourth quarter of 2023, the same result as the third quarter of 2023.
“The industry is displaying its resiliency,” says Dan Gordon, managing member of PCO Bookkeepers & M&A Specialists. “Like many other industries, it’s seeing a reversion back to the historical mean as it relates to revenue growth.”
The December results by segment include:
• The Residential Pest Index increased 14 percent year-over-year.
• The Commercial Pest Index increased 12 percent year-over-year.
• The Termite Index increased 2 percent year-over-year.
• The Bed Bug Index decreased 1 percent year-over-year.
• The Mosquito Index decreased 2 percent year-over-year.
View the full report and the archive of past reports at SellMyPCOBusiness.com.