In June, PCT reported on activist investor Nelson Peltz and his Trian Fund Management having acquired a significant stake in Rentokil Initial, making it one of the company’s 10 largest shareholders.
Could private equity (PE) be in play at Rentokil Terminix as a result of this development? On July 20, UK news outlet The Sunday Times reported that Philip Jansen, former CEO of United Kingdom telecommunications giant BT, was seeking private equity funding for a deal that would make him executive chairman of Rentokil Initial.
According to The Sunday Times, the plan would involve Jansen and prospective backers working to improve the Terminix integration, then use Rentokil to acquire more U.S. pest control businesses. They might ultimately seek to re-list it in the U.S., where comparable businesses attract far higher valuations, The Sunday Times reported.
Source: The Sunday Times
Latest from Pest Control Technology
- City Wide Exterminating Named to Charlotte Business Journal’s 2025 Fast 50 List
- In Memoriam: George Pickhardt
- 2025 Crown Leadership Award Winner Ed Dougherty
- PestCo Holdings Acquires Bio-Tech Pest Control
- Mosquito Authority Announces Franchisee of the Year, Rookie of the Year
- Peitho Helps PCOs Get Seen on AI Search
- Massey Services Promotes Mumme to Divisional VP of Commercial Services
- Thomas Pest Services Opens New Office, Celebrates 15 Years in Business
