Pest Index Up 17 Percent in January

The total U.S. William Blair/PCO Bookkeepers & M&A Specialists Pest Index increased 17 percent year-over-year in January, up from 13 percent growth in December and November. The index remains above the long-term average of 12 percent.

“In 2022, the total pest index increased 15 percent year-over-year,” said William Blair Equity Researcher Tim Mulrooney. “This was slightly above the result observed in 2021 (14 percent); however, we estimate pricing represented approximately two-thirds of the growth in 2022, versus approximately one-third of the growth in 2021.”

Dan Gordon of PCO Bookkeepers & M&A Specialists said, “The economy is navigating several economic crosswinds that make predicting the future tricky, but the Pest Index has held up extremely well in terms of its ability to predict growth since its inception. We feel that it will continue to be a powerful tool to people in the pest control industry.”

The January result was primarily due to an acceleration in the residential pest and commercial pest indices:

• The Residential Pest Index increased 21 percent year-over-year.
• The Commercial Pest Index increased 18 percent year-over-year.
• The Termite Index increased 2 percent year-over-year.
• The Bed Bug Index decreased 11 percent year-over-year.

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