Pest Index Up 12 Percent in February

The total U.S. William Blair/PCO Bookkeepers & M&A Specialists Pest Index increased 12 percent year-over-year in February. On a sequential basis, the index decreased 3 percent from January. The index remains slightly above the long-term historical average growth rate of 11 percent.

“The index continues to show growth in excess of inflation, which means our industry is experiencing real growth as opposed to inflationary growth that many other industries are exhibiting,” said Dan Gordon, PCO Bookkeepers & M&A Specialists.  

Increases in all segments, especially residential, contributed to the February result:  

• The Residential Pest Index increased 16 percent year-over-year.
• The Commercial Pest Index increased 10 percent year-over-year.
• The Termite Index increased 3 year-over-year.
• The Bed Bug Index increased 4 percent year-over-year.
  

“In our view, market penetration rates in residential pest have likely increased over the last several years, due to near-term factors such as ‘work from home’ and growing awareness, while also benefiting from longer-term secular themes such as favorable demographics and increasing pest activity from warming temperatures,” said William Blair Equity Researcher Tim Mulrooney.

View the full report and the archive of past reports at SellMyPCOBusiness.com.