2026 Pest Control Acquisitions and PE Roll-Up Tracker

Pest control acquisitions in 2026 run through three buyer types: public consolidators Rollins and Rentokil Terminix, sponsor-backed platforms such as Anticimex, Certus, Rockit and PestCo, and family-owned buyers such as Arrow.

By Christoph Totter, Founder of CT Acquisitions · Last reviewed: November 2026

Every owner, sponsor and dated deal in this tracker was re-checked against a filing, press release or trade report in November 2026. Three entries changed owner or were replaced after that check; they are listed under Limitations.

Key takeaways

• Rollins bought 26 businesses in 2025 and grew revenue 11.0% to $3.76 billion, with 4.1 points from acquisitions (Rollins Form 10-K, FY2025).
• Rentokil Terminix closed 12 North American bolt-ons in 2025 with about $27 million of combined revenue, an average near $2.25 million per target (Rentokil Initial 20-F exhibit, FY2025).
• The public price markers are Terminix at 19.3x LTM EBITDA ($6.7 billion, 2022) and Fox Pest Control at 2.8x LTM revenue ($350 million, 2023), per PitchBook data in Peapack Private, Pest Control Services, Summer 2025.
• Pest control deal volume rose from 131 transactions in 2023 to 143 in 2024 on PitchBook counts (EdgePoint Flash Report, February 2025).
• Four sponsors have held their pest platform 5 years or more (Certus 7.5, Hawx 5.7, Rockit 5.6, PestCo 5.0) against a 6.0-year typical private equity hold (Private Equity Info, Sep 7, 2026), so platform sales are likely in the next two years.

The 2026 US pest control acquisition market is led by two public consolidators. Rollins, Inc. (NYSE: ROL) reported $3.76 billion of 2025 revenue, and Rentokil Initial plc (LSE: RTO, NYSE: RTO) reported $6.9 billion of group revenue, 62% of it in North America, after completing its $6.7 billion Terminix purchase on October 12, 2022. Below them sit Anticimex, owned by EQT since 2012, and a bench of sponsor-backed platforms (Aptive, Greenix, Certus, Hawx, Rockit, PestCo, AXN, Barefoot, Entomo, Lookout) that buy local route businesses as add-ons. For cross-vertical context, see our trackers on dental DSO PE roll-ups, roofing PE roll-ups, plumbing PE roll-ups, and manufacturing PE roll-ups.

This tracker compiles that picture from dated public documents. We used SEC filings (the Rollins FY2025 10-K and the Rentokil Initial FY2025 20-F), sponsor and platform press releases on BusinessWire, PR Newswire and GlobeNewswire, sponsor portfolio pages (EQT, Thompson Street Capital Partners, Incline Equity Partners, Halle Capital Management, Shore Capital Partners), and trade reporting from Pest Control Technology (PCT) and Pest Management Professional (PMP). Deal counts come from PitchBook data published by EdgePoint (February 2025) and Peapack Private (Summer 2025). Each of the 22 entries names its owner and the date that owner arrived, and links the document that proves it.

We are CT Acquisitions, an M&A advisory firm headquartered in Sheridan, Wyoming, with a network of 500+ active US lower-middle-market buyers. We help owners of founder-owned businesses make the most of their exit through a confidential sale, a recapitalization or exit planning. We work for owners on the sell side. Our fee is success only: nothing upfront, and you pay nothing unless the business sells. Some of the platforms below are buyers we speak with on client deals; this page describes them from public documents only.

A note on the bar. Lists of pest control consolidators often name 30 to 50 platforms without a single source. We list 22, and each one maps to a dated filing, release or trade report. In the November 2026 review that rule removed two entries we could no longer support (ProGuard Pest Solutions under Trivest Partners, and Sentricon, a Corteva termite product that does not buy operators) and corrected two sponsors (Aptive is owned by Citation Capital, Hawx by PCM Growth). The replacements, Entomo Brands and Lookout Pest Control, both have dated sponsor releases.

Methodology and Data Sources

We built this tracker from primary documents, not a vendor database: two SEC annual filings, sponsor press releases, platform releases and dated trade reports, all accessed in November 2026. A platform is listed only if a dated document names its owner and shows it buying pest control businesses. Deal counts are quoted from PitchBook through EdgePoint and Peapack Private, never estimated by us.

Selling in a specific market? Our state and metro guides cover licensing and named buyers for Florida, Texas (with Dallas and San Antonio), Phoenix, Maryland, Connecticut, Minnesota and New Mexico. For value, start with the pest control business valuation guide and the home services valuation guide; the tree care valuation factors page covers the adjacent lawn and tree trade.

We did not rely on a single vendor database (PitchBook, S&P Capital IQ or CB Insights) for ownership, because database records lag sponsor changes: the old version of this page carried two sponsors (Goldman Sachs for Aptive, Aurora Capital for Hawx) that had never owned the company named. Where a database such as Preqin or MergerLinks is the only dated record of a deal, the tracker table says so.

Primary sources used

• SEC filings: the Rollins Form 10-K for FY2025 (revenue, employees, brands, 26 acquisitions in 2025) and the Rentokil Initial FY2025 20-F exhibit (North America revenue and bolt-on count), plus the 2022 Rentokil merger proxy for the Terminix valuation work.
• Sponsor releases: EQT (Anticimex, 2012), Citation Capital (Aptive, August 27, 2024), Gridiron Capital (Greenix, July 28, 2025), PCM Growth (Hawx, March 2021), Halle Capital Management (Rockit Pest, April 1, 2021), Thompson Street Capital Partners (PestCo Holdings, November 2021), Shore Capital Partners (ACTION Termite & Pest Control, December 8, 2023), Incline Equity Partners (Barefoot, February 2, 2023), CenterOak Partners (Entomo Brands, August 1, 2023), Percheron Capital (Lookout Pest Control, June 27, 2023) and Liberty Mutual Investments with Imperial Capital (Certus, May 21, 2024).
• Deal-count reports: EdgePoint Pest Control Flash Report (PitchBook data as of February 7, 2025), Peapack Private Industry Perspectives (Summer 2025) and Capstone Partners Pest Control Market Update (May 28, 2024).
• Trade press: Pest Control Technology (PCT Magazine) and Pest Management Professional for add-on announcements, executive changes and Top 100 rankings.
• Company pages: family-owned buyers (Arrow, Massey, Adam’s, Truly Nolen) publish their own acquisition news; we used those pages for dates.

Inclusion criteria

A platform is included in this tracker if it meets all of the following criteria:

1. Owned by a named sponsor, a public company or a family, with the owner and entry date shown in a dated document
2. At least one dated pest control acquisition by the platform, its parent or its brands, shown in the tracker table; family-owned buyers with no deal dated 2024 or later are kept only where they are a regional alternative and are flagged in the table
3. Active US operations

Exclusion criteria

We excluded:

• Software vendors serving pest control (FieldRoutes, PestPac, WorkWave): they sell to operators, they do not buy them
• Product makers: Sentricon (Corteva Agriscience) and Termidor (BASF) are termite products licensed to operators, so Sentricon was removed from the profile list in November 2026
• Single-deal buyers that are not consolidating
• Platforms whose pest control share of deals is small: Senske Services (GTCR) is covered under Limitations

Data freshness

Ownership and deal dates are current to November 7, 2026. The November 2026 review re-verified all 22 entries, replaced ProGuard Pest Solutions with Entomo Brands and Sentricon with Lookout Pest Control, corrected the Aptive and Hawx sponsors, moved Western Pest Services to Rollins (its owner since April 30, 2004), and replaced the 2024 deal-count ranking with dated deals. We plan to refresh the tracker each quarter.

The 2026 Pest Control PE Landscape: Why Now

Buyers keep coming to pest control because the revenue repeats: Rollins reports about 75% of its 2025 business as recurring service, 10% ancillary and 15% one-time. Route density lowers the cost per stop for whoever owns the next route over, and the trade is fragmented, with PitchBook counting 143 pest control deals in 2024. Five forces explain the pace.

1. Recurring-revenue routes

The structural reason pest control sells well is the contract route. Rollins, the largest US operator, says recurring services made up about 75% of its business at December 31, 2025, ancillary services 10% and one-time work 15% (Rollins 10-K, FY2025). That mix is what buyers underwrite: a quarterly or monthly service plan renews without a new sale, so a buyer can project cash flow from the customer list. Compare a roofing or HVAC replacement business, where most revenue must be resold every year.

2. Demographic and climate tailwinds

IBISWorld sizes US pest control services at $26.1 billion, projected to reach $28.8 billion by 2030 (IBISWorld, April 2025, quoted in Peapack Private, Summer 2025). Peapack ties part of that growth to warmer seasons that extend pest pressure and to housing demand. Mosquito-focused platforms such as Barefoot Mosquito & Pest Control, which Incline Equity Partners backed in February 2023, are a direct bet on longer warm seasons in Texas.

3. Route density economics

Pest control unit economics improve with route density: a technician with more stops in one ZIP code drives fewer miles per dollar of revenue. That is why consolidators value in-fill above greenfield expansion, and why Rollins bought Fox Pest Control through its HomeTeam Pest Defense brand, adding residential routes in 13 states in April 2023 (Rollins, April 5, 2023). PE platforms run the same playbook at smaller scale, buying the operator next to a branch they already own.

4. Sub-vertical product expansion

Platforms add services to the same route: mosquito (Barefoot, Rollins’ MissQuito brand), wildlife (Rollins’ Critter Control and Trutech), lawn (Greenix, Senske) and commercial food-safety compliance (Rentokil’s Steritech). Each added service raises revenue per stop without adding a truck. AXN Growth Partners added pest, wildlife and weed work in Northern Arizona through its partnership with Adventure Pest and Wildlife.

5. Licensing and compliance barriers

Pest control operators need a state pest control business license, certified applicators under the federal pesticide law (FIFRA applicator certification, US EPA) and state rules, plus general and vehicle liability insurance. The licensing floor slows new entrants and gives an acquired customer list more value, because a buyer that inherits a licensed branch and a certified applicator bench can serve the customers on day one. Ask any buyer how it will keep your qualifying license holder in place through closing.

The acquisition implication

These forces show up in the prices that are public. Rentokil paid $6.7 billion for Terminix, 19.3x LTM EBITDA, and Rollins paid $350 million for Fox Pest Control, 2.8x LTM revenue, per PitchBook data in Peapack Private’s Summer 2025 report. Those are national strategic deals; a local add-on prices well below them. What the markers show is that buyers with existing routes pay most for density they can absorb, which is the lever an owner controls in a sale process.

Active Platforms: Profiles of 22 Pest Control Roll-Up Operators

The 22 acquirers below split into two public consolidators plus two of their buying subsidiaries, eleven sponsor-backed platforms and seven family-owned buyers. The table gives each owner, the date that owner arrived and the latest dated pest control deal we could tie to a document as of November 7, 2026. The profiles that follow keep the same order as earlier versions of this tracker.

Rollins, Inc.

• Ticker / Status: NYSE: ROL
• Sponsor / Ownership: Public company; the Rollins family has a large holding
• Scale: $3.76 billion revenue in 2025, up 11.0% from $3.39 billion in 2024 (6.9% organic, 4.1% from acquisitions); 21,946 employees; more than 2 million customers; 800+ company-owned and franchised locations in about 70 countries (10-K, FY2025)
• Geographic focus: All US regions plus Canada, Australia and franchised markets
• Founded: 1948 (the Rollins family bought Orkin in 1964)
• Brand portfolio: Orkin, HomeTeam Pest Defense, Clark Pest Control, Northwest Exterminating, Western Pest Services, Fox Pest Control, Saela Pest Control, Critter Control, Trutech, Waltham Services, McCall Service, Crane Pest Control, OPC Pest Services, Industrial Fumigant Company, MissQuito, PermaTreat, Safeguard, Aardwolf Pestkare (10-K brand list)
• Recent acquisitions: 26 businesses in 2025. Named deals: Saela Holdings (April 1, 2025, total consideration $130.1 million), Fox Pest Control (April 1, 2023, valued at $350 million including $32 million of contingent payments, more than $120 million of 2022 revenue), Northwest Exterminating (closed August 1, 2017) and Western Pest Services (April 30, 2004)
• Typical deal structure: Cash funded from cash and credit lines, often with a contingent piece: the Fox price included $32 million of contingent payments tied to growth and profit targets (PCT, April 2023)

Rollins is the steadiest buyer in the trade: 26 deals in a single year means a local owner in almost any metro has an Orkin, HomeTeam or Northwest branch nearby. Rollins keeps larger targets as separate brands (Northwest still operates under its own name and bought D&G Exterminating in Georgia in October 2024, per PitchBook data in the EdgePoint report). For a seller, Rollins is usually in the room either as a bidder or as the price reference other bidders must beat.

Rentokil Initial / Terminix

• Ticker / Status: LSE: RTO / NYSE: RTO
• Sponsor / Ownership: Public company (London-listed, with US ADSs)
• Scale: $6.9 billion group revenue in 2025; North America $4,294 million, 62% of the group (FY2025 20-F exhibit)
• Geographic focus: US and Canada through Terminix and Rentokil North America, plus 80+ countries internationally
• Founded: Rentokil Initial: 1925 (UK). Terminix: 1927 (Memphis, Tennessee)
• Brand portfolio: Terminix, Western Exterminator (acquired September 2012 for $114.6 million), J.C. Ehrlich (2006, its first US platform), Steritech, Presto-X, Action Pest Control
• Recent acquisitions: Terminix completed October 12, 2022 for about $6.7 billion in cash and shares (Form 6-K, October 2022); 41 acquisitions across the group in 2023 with about £106 million of annualised revenue; 12 North American bolt-ons in 2025 with about $27 million of combined revenue
• Typical deal structure: Cash for bolt-ons; Terminix itself was paid partly in Rentokil shares (129.1 million new ADSs plus about $1.34 billion in cash)

Rentokil is the world’s largest pest control company by revenue after Terminix, and its US bolt-on pace has slowed while it integrates: 12 North American deals in 2025 against 41 group-wide deals in 2023. The 2025 average of about $2.25 million of revenue per North American target is the clearest public signal of the size Rentokil buys locally. The 2022 Terminix price is the high-water mark for pest control: 19.3x LTM EBITDA on PitchBook data in Peapack Private’s Summer 2025 report, inside the 18.0x to 20.0x precedent range Lazard applied in its fairness opinion for Terminix shareholders (Form 424B3, 2022). Earlier versions of this page used 19.8x; we could not find a source for that figure. The adjusted EBITDA a buyer accepts for your company sets the base those multiples apply to.

Anticimex

• Ticker / Status: Private (EQT-backed)
• Sponsor / Ownership: EQT since 2012 (EQT, 2012); minority partners added in 2017 (AMF, AP6, Volito and Cubera, 19%) and 2019 (GIC, 9.9%, and Melker Schörling AB)
• Scale: EQT’s portfolio page credits Anticimex with more than 200 add-on acquisitions; country counts in EQT and company material range from 18 to 22
• Geographic focus: Nordics, wider Europe, Asia-Pacific and the US Northeast and Mid-Atlantic
• Founded: 1934 (Stockholm, Sweden)
• Brand portfolio: In the US, Modern Pest Services (Brunswick, Maine, acquired July 2017) and Viking Pest Control (New Jersey, acquired July 2017), each still buying under its own name
• Recent acquisitions: Modern bought Envirocare Pest Control of Watertown, Connecticut, in October 2025; Viking added RJS Pest Management Specialists
• Typical deal structure: Add-ons are bought by the regional brand (Modern or Viking), so the local brand often survives

Anticimex is the largest pest control company owned by private equity and the largest pure-play pest company in Europe. Its US entry came in July 2017 with two purchases a week apart: Viking Pest Control in New Jersey and Modern Pest Services, a $17.1 million firm ranked #46 on the PCT Top 100 at the time (PCT, July 2017). For a Northeast or Mid-Atlantic owner, the realistic Anticimex buyer is Modern or Viking, not Stockholm. Earlier versions of this tracker gave 2018 for the Modern deal and said Anticimex held a stake in Truly Nolen; the first was wrong and we found no source for the second.

Aptive Environmental

• Ticker / Status: Private
• Sponsor / Ownership: Citation Capital, a Dallas private equity firm, bought a majority stake on August 27, 2024; the co-founder and CEO and the leadership team kept a significant interest (PR Newswire, Aug 27, 2024)
• Scale: Over half a million households served in 34 states, with about 4,000 employees (same release)
• Geographic focus: National residential, headquartered in Provo, Utah
• Founded: 2015
• Brand portfolio: Aptive Environmental (residential pest control sold largely door to door)
• Recent acquisitions: No dated add-on found since the Citation deal

Earlier versions of this page named Goldman Sachs Asset Management as Aptive’s owner from 2021. We found no record of that: the dated owner is Citation Capital, since August 2024. Aptive grew mainly by summer door-to-door selling across 34 states rather than by buying companies, so for a local owner it is more often a competitor for customers than a bidder. That may change as Citation, 2.2 years into its hold, looks for density.

Hawx Pest Control

• Ticker / Status: Private
• Sponsor / Ownership: PCM Growth; the transaction closed March 12, 2021, with management keeping significant equity (Newswire, July 27, 2021; PCT)
• Scale: Not disclosed; the release cites branches throughout the US
• Geographic focus: Western and Southern US residential markets, headquartered in Ogden, Utah
• Founded: 2013 by Matt Mehr and Scott Wilson
• Brand portfolio: Hawx Smart Pest Control
• Recent acquisitions: PureGreen Pest Control of Dallas, Texas, announced on the Hawx press page without a date

Earlier versions of this page said Aurora Capital Partners bought Hawx in 2022. We found no record of that deal; the dated sponsor is PCM Growth, since March 2021. At 5.7 years into PCM’s ownership in November 2026, Hawx is close to the 6.0-year typical hold, so a sale of the platform itself is a live possibility. An owner selling to Hawx now should ask what happens to any rollover equity if the platform changes hands.

Cook’s Pest Control

• Ticker / Status: Private (family-owned)
• Sponsor / Ownership: Cook family; no private equity owner found
• Scale: Not disclosed
• Geographic focus: Alabama and the surrounding Southeast, headquartered in Decatur, Alabama
• Founded: 1928 in Decatur, Alabama (Encyclopedia of Alabama)
• Brand portfolio: Cook’s Pest Control (residential and commercial)
• Recent acquisitions: No acquisition dated 2024 or later found in company or trade sources

Cook’s is a family-owned Southeast alternative to the public and sponsor-backed buyers, active in the same Alabama and Tennessee markets where Rollins’ Northwest Exterminating bought Target Pest Control of Cullman. We list it because owners in its footprint ask about it, not because of recent deal volume. Earlier versions of this page gave Cook’s revenue, location and employee figures; we found no source for them and removed them.

Arrow Exterminators

• Ticker / Status: Private (family-owned, Atlanta, Georgia)
• Sponsor / Ownership: Thomas family; CEO Emily Thomas Kendrick
• Scale: Not disclosed in Arrow’s 2026 release
• Geographic focus: Southeast, with 2026 expansion into New Jersey, Delaware, Maryland and Pennsylvania through Hoffman’s
• Founded: 1964 in Atlanta
• Brand portfolio: Arrow Exterminators and acquired local brands
• Recent acquisitions: Hoffman’s Exterminating of Mantua, New Jersey (founded 1990, more than 100 employees, #62 on the PCT Top 100) in 2026 (Arrow release); Davis Exterminators of Panama City, Florida (January 2025) and Cajun Bug Exterminating, Louisiana (November 2024), per PitchBook data in the EdgePoint report
• Typical deal structure: Arrow publishes an acquisition list on its own site and describes deals as mergers of family companies

Arrow is the most active family-owned buyer we could document: three dated deals between November 2024 and 2026, spanning Louisiana, the Florida Panhandle and New Jersey. Earlier versions of this page listed Northwest Exterminating as an Arrow brand; Northwest has belonged to Rollins since August 1, 2017. Arrow’s acquisition list ranks in the top 10 for “pest control acquisitions”, which tells you owners search for it.

ABC Home & Commercial Services

• Ticker / Status: Private (family-owned, Texas)
• Sponsor / Ownership: Jenkins family: Bob Jenkins Sr. and Sandy Jenkins bought ABC in 1965; Bobby Jenkins is the owner today (PMP)
• Scale: Not disclosed
• Geographic focus: Texas metros including Austin, San Antonio, College Station and Corpus Christi
• Founded: 1949 in San Antonio, Texas (PCT, 75-year anniversary)
• Brand portfolio: ABC Home & Commercial Services (pest, lawn, HVAC, plumbing, electrical and other home services under one brand)
• Recent acquisitions: A.S.A. Guardian Pest Control of Weslaco, Texas (2022)

ABC runs pest control alongside HVAC, plumbing and lawn care under one brand, so it buys operators that fit a multi-service route rather than pest-only books. Earlier versions of this page named the Bowles family as owners and Austin as the founding city; the Jenkins family has owned ABC since 1965, and the company started in San Antonio in 1949. For a Texas owner with mixed pest and lawn revenue, ABC is a buyer to compare with Barefoot and PestCo’s Ecoteam.

Massey Services

• Ticker / Status: Private (family-owned)
• Sponsor / Ownership: Massey family; Harvey L. Massey founded the company and Tony Massey is named President and CEO in later releases
• Scale: Not disclosed
• Geographic focus: Florida, Georgia, the Carolinas, Louisiana and Texas
• Founded: 1985 in Orlando, Florida (PR Newswire, July 2022)
• Brand portfolio: Massey Services pest prevention, termite and lawn services
• Recent acquisitions: Horne’s Pest Control of Augusta, Georgia, with more than 9,000 customers (March 2, 2023); Peninsular Pest Control of Jacksonville (July 2022), which Massey called its fifth deal of 2022 and ninth in 12 months

Massey bought nine companies in the 12 months to July 2022 and Horne’s in March 2023; we found no dated Massey deal in 2024 to 2026. It remains the main family-owned Florida alternative to Rollins and Rentokil. Earlier versions of this page gave Massey revenue and service-center counts without a source; we removed them.

Entomo Brands (replaces ProGuard Pest Solutions)

• Ticker / Status: Private (PE-backed)
• Sponsor / Ownership: CenterOak Partners, which completed a majority recapitalization of Palmetto Exterminators (Charleston, South Carolina) in October 2022 (PCT)
• Scale: After Palmetto bought PestNow on August 1, 2023 and the two formed Entomo Brands: more than 350 team members and 17 branches across six states (BusinessWire, Aug 1, 2023); a later company release cites 23 branches across seven states
• Geographic focus: South Carolina, North Carolina, Georgia, Virginia, Maryland, West Virginia and Washington, D.C.
• Founded: Entomo formed August 2023 on the Palmetto and PestNow base
• Brand portfolio: Palmetto Exterminators, PestNow and acquired local brands
• Recent acquisitions: Albemarle Termite & Pest Control (January 2024, per Preqin)

Earlier versions of this page profiled ProGuard Pest Solutions as a Trivest Partners platform. We found no record of Trivest owning ProGuard; the Trivest pest investment we could document is a minority growth stake in Alta Pest Control of Austin, announced April 30, 2024 (PCT). Entomo takes the slot because it has a dated sponsor, a dated platform formation and a footprint, from Charleston to the Mid-Atlantic, that overlaps the Southeast owners this tracker serves.

Truly Nolen of America

• Ticker / Status: Private (family-owned)
• Sponsor / Ownership: Nolen family; the company’s franchise pages say it is run by Scarlett Nolen
• Scale: Ranked #10 on the PCT Top 100 in its 80th-anniversary year (PCT)
• Geographic focus: Sun Belt US (Arizona, Florida, Texas, California) plus international franchises; headquartered in Tucson, Arizona
• Founded: 1938 in Miami by Truly Wheatfield Nolen; Truly David Nolen opened the Tucson business in 1955 (company history)
• Brand portfolio: Truly Nolen (the “mouse car” fleet)
• Recent acquisitions: None dated 2024 or later found

Truly Nolen is one of the largest family-owned pest companies in the US and grows mainly through its own branches and franchises. Earlier versions of this page said Anticimex held a partial stake; we found no dated record of an Anticimex investment and removed the claim. The founding year, 1938, is right, but the founding city was Miami, not Tucson.

Adam’s Pest Control

• Ticker / Status: Private (family-owned)
• Sponsor / Ownership: Family ownership, headquartered in Medina, Minnesota
• Scale: Not disclosed
• Geographic focus: Twin Cities and the Upper Midwest
• Brand portfolio: Adam’s Pest Control
• Recent acquisitions: Tamarack Pest Control and Midwest Pest Management of Brooklyn Park, Minnesota, both announced without dates (Adam’s)

Adam’s is the Upper Midwest family-owned buyer and publishes a page for owners thinking about selling. Do not confuse it with Adam’s Pest Control of Port St. Lucie, Florida, a different company that Rockit Pest bought. Greenix’s June 2025 purchase of Rove Pest Control’s Minnesota and Wisconsin operations put a sponsor-backed buyer into the same Twin Cities market.

Greenix Pest Control

• Ticker / Status: Private
• Sponsor / Ownership: Gridiron Capital, announced July 28, 2025 (PR Newswire, July 28, 2025); previously Riata Capital Group, which led a control recapitalization agreed in December 2020 (Private Equity Wire)
• Scale: Over 250,000 households through 37 branches in 19 markets across 16 states (Gridiron release)
• Geographic focus: Mountain West, Midwest and Northeast residential markets; headquartered in Orem, Utah
• Founded: 2011
• Brand portfolio: Greenix (residential pest, mosquito, rodent and termite)
• Recent acquisitions: Rove Pest Control’s operations in Minnesota, Wisconsin, Michigan and Massachusetts (June 24, 2025)

Greenix is the newest sponsor change in the tracker: Gridiron made its first pest control platform investment in July 2025 and plans add-on acquisitions, per the release. Riata says Greenix grew customers and revenue by more than 150% during its ownership. Earlier versions of this page gave 2015 and Provo as the founding year and city; the Gridiron release says 2011 and Orem.

Western Pest Services (Rollins subsidiary)

• Ticker / Status: NYSE: ROL (via parent Rollins)
• Sponsor / Ownership: Rollins, Inc., which bought the pest control business of Western Industries on April 30, 2004 for $105 million to $110 million in cash (Rollins 10-K, FY2004)
• Scale: About 130,000 customers from New York to Virginia at the time of the deal
• Geographic focus: New Jersey, New York, Pennsylvania and the Mid-Atlantic, headquartered in Parsippany, New Jersey
• Brand portfolio: Western Pest Services (commercial and residential)
• Recent acquisitions: Executed through the Rollins acquisition program

Earlier versions of this page listed Western Pest Services as a Rentokil subsidiary bought in 2007. That was wrong: Rollins has owned it since April 30, 2004, and it appears in the brand list of the Rollins FY2025 10-K. The confusion is common because Rentokil owns a different company with a similar name, Western Exterminator of California, bought in September 2012. The 2004 price works out to about $808 to $846 per customer, a useful reminder of how buyers once priced route books by account.

All-American Pest Control

• Ticker / Status: Private (family-owned)
• Sponsor / Ownership: Family ownership; Erin Richardson is listed as owner and president
• Scale: Headquarters in Nashville with branches in Brentwood and Hendersonville
• Geographic focus: Middle Tennessee
• Founded: 1961 in Nashville (NPMA QualityPro profile)
• Brand portfolio: All-American Pest Control (uses the Sentricon termite system)
• Recent acquisitions: None found

All-American is a Middle Tennessee family business with no dated acquisition we could find, so it is listed as a regional alternative rather than an active consolidator. In the same market, Percheron Capital’s Lookout Pest Control bought Advanced Termite & Pest Control in November 2024, so Nashville-area owners now have a sponsor-backed buyer as well as Rollins and Rentokil.

Action Pest Control (Evansville, Indiana, Rentokil-Terminix subsidiary)

• Ticker / Status: Subsidiary of Rentokil Initial (LSE: RTO, NYSE: RTO)
• Sponsor / Ownership: Rentokil Terminix, which bought Action Pest Control from TruGreen on June 1, 2023 (PCT)
• Scale: About 112 employees, with locations in Evansville, Indianapolis, Terre Haute and Jasper, Indiana, and Owensboro and Louisville, Kentucky
• Founded: 1946, Evansville, Indiana
• Brand portfolio: Action Pest Control (retained within Rentokil Terminix)
• Recent acquisitions: Executed through the Rentokil program; Rentokil also bought World Pest Control of Sylvan Grove, Kansas, on May 1, 2023

This Evansville operator is listed for disambiguation: it is not related to ACTION Termite & Pest Control of Phoenix, the Shore Capital Partners platform now held under AXN Growth Partners. The Action deal shows the size Rentokil buys in the Midwest, a 112-person regional brand that keeps its name after closing.

Certus Pest Control

• Ticker / Status: Private (PE-backed)
• Sponsor / Ownership: Imperial Capital, which formed Certus in 2019; Liberty Mutual Investments joined as a strategic and capital partner on May 21, 2024 (Torys LLP, May 2024)
• Scale: 21 branches in 8 states (Florida, Georgia, Arizona, Nevada, California, Oregon, Washington, Idaho) at the May 2024 investment; 50 acquisitions completed between May 2019 and March 2022 (PMP, March 29, 2022)
• Geographic focus: Southeast, Southwest and Pacific Northwest; headquartered in Tampa, Florida
• Founded: 2019
• CEO: Dave Bradford, appointed CEO in August 2022 after joining as CFO; he succeeded co-founder Mike Givlin (PCT)
• Brand portfolio: Certus Pest parent with retained local brands
• Recent acquisitions: Aardvark Ant & Pest Control (California, November 2024) and Green Wave Pest Solutions’ Las Vegas business (December 2024), per PitchBook data in the EdgePoint report; in 2025, Evolve Pest Control (May), Elite Pest Management (June), EcoGen (August), Bell Pest Control (August), Pest Friends (September 4), Certified Pest Control (October) and Good Earth Pest Control of Antelope, California (November 19)
• Typical deal structure: Cash, with rollover available given the sponsor structure

Certus has the longest documented run of add-ons among the mid-market platforms: 50 deals in its first three years, and seven dated 2025 deals in our search. It is also the oldest sponsor position in the tracker, 7.5 years into Imperial Capital’s ownership in November 2026, past the 6.0-year typical hold. The May 2024 Liberty Mutual Investments round reset part of the capital base, but an owner selling to Certus in 2026 should still ask how a sale of the platform would treat rollover equity. Earlier versions of this page ranked Certus as the most active acquirer of 2024 with 7 deals, citing a Capstone Partners report; we could not locate that report and removed the ranking.

Rockit Pest

• Ticker / Status: Private (PE-backed)
• Sponsor / Ownership: Halle Capital Management, which launched Rockit on April 1, 2021 together with the acquisition of Spencer Pest Services (BusinessWire, April 1, 2021)
• Scale: Revenue, branch count and technician count not disclosed
• Geographic focus: Southeast (Florida, Georgia, North Carolina, South Carolina)
• Founded: April 2021
• CEO: Ryan Bradbury, Chairman and CEO since 2021, formerly president of Viking Pest Control, which his family sold to Anticimex in July 2017 (PCT, 2017)
• Brand portfolio: Rockit Pest parent; acquired companies (Spencer, Petri, Barrier Guard, Mincey’s and others) generally keep local brands
• Recent acquisitions: Barrier Guard Termite & Pest (Charleston, South Carolina, 2024), Mincey’s Pest Control (Dillon, South Carolina, November 2024 per PitchBook data in the EdgePoint report), Green Solutions Lawn Care & Pest Control (February 2026, per Preqin)
• Typical deal structure: Cash, with retention of local brands and staff

Rockit is an operator-led Southeast roll-up: its CEO ran Viking Pest Control, so the buyer across the table knows route economics from the inside. Capstone Partners named Rockit among the most active pest acquirers of 2023 in its May 2024 market update. At 5.6 years into Halle’s ownership in November 2026, Rockit is near the 6.0-year typical hold. Earlier versions of this page said Viking was sold to Anticimex in 2021; the sale was in July 2017.

PestCo Holdings

• Ticker / Status: Private (PE-backed)
• Sponsor / Ownership: Thompson Street Capital Partners (TSCP), St. Louis
• Scale: Describes itself as among the top twenty-five largest pest control companies in the United States (PestCo); revenue and branch counts not disclosed
• Geographic focus: Multi-region: Texas, Arizona, the Pacific Northwest, the Midwest and the Mid-Atlantic
• Founded: November 2021 as an acquisition company; first add-on Presto Pest Control (November 9, 2021), second Ecoteam and Envirotrol Pest Solutions in Texas (November 15, 2021) (TSCP)
• CEO: Jay Keating
• Brand portfolio: PestCo Holdings parent; sub-brand Ecoteam (Jon and Patrick Polenz) for multi-family work in Houston, Dallas-Fort Worth, Austin and San Antonio; acquired companies generally keep local brands
• Recent acquisitions: Green Mango Pest Control (Phoenix, October 2024), Innovative Pest Control (Tyler, Texas, May 2025), Arizona’s Best Choice Pest & Termite (October 2025), Southwest Exterminating (Houston, December 9, 2025; BusinessWire), Long Pest Control (January 22, 2026)
• Typical deal structure: Cash, with rollover and retention available

PestCo is the most consistent press-release issuer in the tracker: TSCP announces each add-on on BusinessWire, so its deal record is the easiest to verify, with five dated deals from October 2024 to January 2026. At 5.0 years into TSCP’s ownership, PestCo is approaching the point where sponsors usually sell. It is unrelated to PESTCO Quality Pest Control Limited, an independent UK operator.

AXN Growth Partners (anchor brand: ACTION Termite & Pest Control)

• Ticker / Status: Private (PE-backed)
• Sponsor / Ownership: Shore Capital Partners, partnership with ACTION Termite & Pest Control announced December 8, 2023 (BusinessWire, Dec 8, 2023); reorganized in 2025 under the AXN Growth Partners holding brand
• Scale: ACTION plus 8 other brand partners at the time of AXN’s 2025 formation, per PMP; revenue not disclosed
• Geographic focus: Arizona first (Phoenix, Tucson, Northern Arizona), with a first partnership in Oklahoma and Arkansas through Nature Guard Pest & Lawn
• Founded: ACTION Termite & Pest Control in 1969; AXN Growth Partners in 2025
• CEO: Brent Agee; Buck Simington is Brand President of ACTION
• Brand portfolio: ACTION Termite & Pest Control plus brand partners including EcoServ, Dynamic Pest Control, Urban Desert Pest Control, Patriot Pest & Termite Control and Adventure Pest and Wildlife
• Recent acquisitions: EcoServ (2024, its fifth Phoenix partnership that year), Dynamic Pest Control (November 2024), Urban Desert Pest Control (its seventh partnership in 11 months), Patriot Pest & Termite Control (October 2025, its eighth in Arizona; PCT)
• Typical deal structure: “Partnership” model in which local brands and owners stay on

AXN is a statewide Arizona consolidation: eight Arizona partnerships by October 2025, all within reach of ACTION’s Phoenix base. For a Phoenix or Tucson owner, it is the most direct sponsor-backed buyer, alongside PestCo (Green Mango, Arizona’s Best Choice) and Certus. Shore Capital is 2.9 years into its hold, so AXN is still in its buying phase.

Barefoot Mosquito & Pest Control

• Ticker / Status: Private (PE-backed)
• Sponsor / Ownership: Incline Equity Partners (Pittsburgh), partnership announced February 2, 2023 (Incline Equity Partners); Crewe Capital advised Barefoot
• Scale: Not disclosed
• Geographic focus: Texas (Dallas-Fort Worth, Houston, Austin, San Antonio) with expansion into Oklahoma
• Founded: by Joseph Barclay and Jason Revill; Revill is co-CEO
• Brand portfolio: Barefoot Mosquito & Pest Control
• Recent acquisitions: Life After Bugs (Katy, Texas, February 2024), A and B Termite & Pest Control (October 2024), All Seasons Pest Control (Euless, Texas, closed December 2024 per PitchBook, announced January 2025; PMP), Acenitec Pest & Lawn Services (Oklahoma) and Stampede Pest Control (March 2025)
• Typical deal structure: Cash with retention

Barefoot is a Texas pest and mosquito roll-up, and its Incline backing is 3.8 years old. Incline’s release says it plans to grow through acquisitions and new branches in a “mosquito-friendly region”, which makes mosquito route density in Texas the asset Barefoot pays for. One dating note: EdgePoint’s PitchBook table lists Fresh Pest Control as the Acenitec buyer, while Blue River Financial says it advised Barefoot on that deal.

Lookout Pest Control (Percheron Capital, replaces Sentricon)

• Ticker / Status: Private (PE-backed)
• Sponsor / Ownership: Percheron Capital, which announced its pest control platform on June 27, 2023 by partnering with Lookout Pest Control and Any Pest (PR Newswire, June 27, 2023)
• Scale: Not disclosed; Percheron reports over $2 billion of regulatory assets under management
• Geographic focus: Tennessee and Georgia
• Founded: Lookout Pest Control in 1983; Any Pest in 1989
• Brand portfolio: Lookout Pest Control, Any Pest
• Recent acquisitions: Advanced Termite & Pest Control (Tennessee, November 2024, per PitchBook data in the EdgePoint report)

Lookout replaces Sentricon in the profile list. Sentricon is Corteva Agriscience’s termite bait system, licensed to operators such as All-American Pest Control; Corteva does not buy pest control companies, so counting it as a roll-up operator was an error. Lookout is a sponsor-backed buyer in Tennessee and Georgia, 3.4 years into Percheron’s hold.

Acquisition Velocity: What 2024-2026 Tells Us

Pest control deal volume is rising, but the count depends on who is counting. PitchBook data published by EdgePoint shows 131 pest control transactions in 2023 and 143 in 2024, up 9.2%. Capstone Partners counted 77 for 2023 on a narrower definition. The public consolidators confirm the pace: Rollins bought 26 businesses in 2025 and Rentokil 12 in North America.

Source: PitchBook data as of February 7, 2025, in the EdgePoint Pest Control Flash Report, February 2025; bolt-on and strategic deals combined. Annual totals are our sums of the quarters.

The quarterly line is uneven: Q1 2024 had 46 deals and Q4 2024 had 27. Large consolidators close in batches around year-end and quarter-end reporting, so a single slow quarter says little. The useful reading is the annual one: buyers closed more pest control deals in 2024 than in 2023 on the same PitchBook definition.

What several sources say vs what the primary source says

What’s driving accelerating velocity

• Private equity is still adding platforms. Capstone Partners reported private equity buyer activity in pest control up 18.8% year over year in its May 2024 update, and six of the eleven sponsor positions in this tracker started in 2022 or later.
• Public-company growth targets. Rollins grew 2025 revenue 11.0%, with 6.9 points organic and 4.1 points from acquisitions; acquisitions are a stated part of how it hits its growth rate.
• New sponsors entering. Gridiron Capital’s July 2025 Greenix deal was its first pest control platform; Citation Capital entered with Aptive in August 2024.
• Geographic gap filling. Arrow moved into New Jersey with Hoffman’s in 2026; Greenix entered Minnesota, Wisconsin, Michigan and Massachusetts with Rove in June 2025.
• Sub-vertical capability building. Mosquito (Barefoot’s Stampede and Life After Bugs deals), wildlife (AXN’s Adventure Pest and Wildlife) and lawn (Rockit’s Green Solutions) add services to existing routes.

The 2026 outlook

The dated 2026 deals so far point to steady buying: PestCo added Long Pest Control in January 2026, Rockit added Green Solutions in February 2026 and Arrow added Hoffman’s in 2026. Four sponsor positions (Certus, Hawx, Rockit, PestCo) are at 5 years or more, so 2026 and 2027 are likely to bring platform sales as well as add-ons. When a platform sells, its new owner usually restarts add-on buying, which adds bidders for local owners rather than removing them.

Pest Control Acquisitions: Which Firms Have Been Acquired Recently

Pest control acquisitions dated between October 2024 and 2026 include Saela (Rollins, April 2025), Long Pest Control (PestCo, January 2026), Hoffman’s Exterminating (Arrow, 2026), Green Solutions (Rockit, February 2026), Rove (Greenix, June 2025) and Good Earth (Certus, November 2025). Most deals are local operators bought as add-ons, and many never get a press release.

The pattern is consistent across the buyers profiled above. Rollins folds regional brands into Orkin, HomeTeam and its specialty banners at a pace of 26 deals in 2025. Anticimex buys in the Northeast through Modern Pest Services and Viking. Sponsor-backed platforms such as PestCo, Rockit, Certus and AXN make most of the announced add-ons, and family-owned Arrow is the most active non-sponsor buyer we could date. The average Rentokil North American bolt-on in 2025 had about $2.25 million of revenue, which is the size of most deals on this list.

What makes pest control an active acquisition market is the economics Rollins describes in its 10-K: about 75% recurring service, 10% ancillary and 15% one-time. Contracted routes give buyers cash flow they can project, and route density lowers cost per stop for whoever owns the next route over. For an owner, the takeaway is that buyers are not scarce: in most US metros at least one public consolidator and one sponsor-backed platform from this tracker already run trucks.

If your question behind “which firms have been acquired” is really “should I sell mine”, the next step is a value range for your route book and a shortlist of the 3 to 5 buyers whose routes overlap yours. Our guide to selling a pest control business covers the process step by step.

Pest Control Private Equity: How Sponsors Buy In

Private equity buys into pest control in two steps. A sponsor first acquires a platform, a regional operator with management, routes and systems, then buys smaller local companies as add-ons and folds them into the platform’s routes. Owners selling to a PE-backed platform are almost always selling an add-on, which prices below the platform itself. Sponsors typically sell the platform after about 6.0 years.

The table shows how long each sponsor has owned its pest control platform as of November 7, 2026, measured from the dated entry release. Private Equity Info puts the typical private equity hold at 6.0 years across 13,757 exits from 2021 to mid-2026 (Private Equity Info, Sep 7, 2026).

For an owner, the platform and add-on split decides the price conversation. On the CT Acquisitions indicative ranges below, an established single-territory operator sits at 5x to 7x EBITDA, while a multi-state platform operator sits at 8x to 11x. A sponsor buying you as an add-on is pricing you near the lower band and keeping the gap as its return. You narrow that gap with a process that includes more than one platform, plus strategic buyers such as Rollins and family-owned consolidators such as Arrow, so that no single buyer sets the number alone.

The hold clock matters to sellers in two ways. A sponsor 1 to 3 years into its hold (Greenix at 1.3, Aptive at 2.2, AXN at 2.9) is in buying mode and has years of runway for any equity rollover you take. A sponsor at 5 years or more (Certus, Hawx, Rockit, PestCo) may be preparing its own sale; your rollover could convert to cash within a year or two, at the next buyer’s price. Ask each sponsor-backed bidder when it expects to sell the platform and how rollover holders are treated in that sale.

Multiples and Deal Structure: What Pest Control Owners Should Expect

Pest control prices move with scale, recurring revenue mix and route density. The public markers are Terminix at 19.3x LTM EBITDA and Fox Pest Control at 2.8x LTM revenue, both national strategic deals. Lower-middle-market deals price far lower: GF Data puts 2024 business services buyouts of $10 million to $250 million at 7.2x EBITDA. The ranges below are CT Acquisitions indicative bands, not a transaction dataset.

Public price markers, with the arithmetic

The arithmetic shows two things. First, the headline multiples belong to large strategic deals: Terminix and Fox each brought a national or multi-state platform. Second, the typical target is small: the 2025 Rentokil North American average of about $2.25 million of revenue and the 2023 group average of about £2.6 million are the sizes most owners reading this tracker sell at. The Fox contingent piece, $32 million of $350 million, or 9.1%, shows that even a public buyer ties part of the price to performance after closing.

By scale

EBITDA multiple ranges climb with route density and platform scale; the top strategic band reflects the Terminix 19.3x precedent (PitchBook data in Peapack Private, Summer 2025). Source: CT Acquisitions indicative ranges, not a transaction dataset; Terminix 19.3x LTM EBITDA per PitchBook data in Peapack Private, Summer 2025.

Operator profile	Revenue range	EBITDA range	Typical multiple range
Owner-operator, single territory	$500k-$2M	$100k-$400k	3x-5x SDE
Established single-territory operator	$2M-$5M	$400k-$1M	5x-7x EBITDA
Multi-territory regional operator	$5M-$15M	$1M-$3M	6x-9x EBITDA
Multi-state platform operator	$15M-$50M	$3M-$10M	8x-11x EBITDA
Premium scale platform	$50M+	$10M+	10x-13x+ EBITDA
Strategic platform with national reach	$200M+	$40M+	12x-18x+ EBITDA (Terminix 19.3x precedent)

CT Acquisitions indicative ranges, an editorial reading of public markers and advisory experience, not a compiled transaction dataset. For comparison, GF Data reports 7.2x average TEV to EBITDA for 2024 business services buyouts of $10 million to $250 million and 8.3x for 2025 year to date (GF Data, in Peapack Private, Summer 2025). See EBITDA multiples by industry for other trades.

By recurring revenue mix

Recurring revenue mix moves a company within its scale band. Rollins, the reference point, reports about 75% recurring service, 10% ancillary and 15% one-time. A route book whose recurring share sits near or above that 75% mark gives a buyer the same visibility it gets from its own branches, so it supports the top of the band; a book built on one-time termite or wildlife jobs needs more proof that customers renew.

By geographic density

Geographic density drives both EBITDA margin (tighter routes mean lower cost per stop) and price (a buyer with branches nearby can absorb your routes without adding trucks). A pest control operator with concentrated routes in one metro, inside the footprint of Rollins, Rentokil Terminix or a platform such as PestCo Holdings or AXN Growth Partners, is worth more to that buyer than the same revenue spread across a wide area.

Deal structure considerations

• Cash at closing: the norm with public consolidators; Rollins funded Fox from cash on hand and existing credit facilities.
• Contingent payments and earnouts: common even with strategic buyers; $32 million of the $350 million Fox price was contingent on growth and profit targets. Read the measurement period and definitions as closely as the headline price; our guide to earnouts covers how they fail.
• Rollover equity: offered by sponsor-backed platforms (Certus, Rockit, PestCo, Aptive and peers) so you share in the platform’s next sale. Public acquirers (Rollins, Rentokil) generally pay cash or, for very large targets such as Terminix, their own shares.
• Working capital adjustment: a true-up to a working capital target at closing. Prepaid annual service plans count as deferred revenue, so agree how they are treated before the LOI.
• Non-compete: standard in every deal; the scope (years and territory) is negotiated and usually tracks the buyer’s footprint.
• Owner transition: varies by buyer. Family-owned buyers such as Arrow describe deals as mergers of family companies and often keep the seller’s team in place.

What drives premium pricing

Beyond scale and recurring-revenue mix, the following factors drive premium pricing within a tier:

• Commercial, industrial or healthcare contracts with written terms (the account base Rentokil’s Steritech and Western Exterminator brands serve)
• Route software and clean customer data a buyer can migrate without losing service history
• Multiple services on one route (pest, termite, mosquito, lawn, wildlife)
• Clean state licensing and pesticide records, with certified applicators who will stay
• Customer relationships that do not depend on the owner; see how customer concentration affects value
• Low technician turnover

Acquisition Criteria: What These Platforms Look For

None of the 22 buyers in this tracker, from Rollins to Rentokil Terminix, publishes a numeric buy box for pest control, so the criteria below come from where each one has bought, as shown by dated deals. The strongest signal is footprint: every platform pays most for routes next to branches it already runs, and its recent add-ons show where those branches are.

Rollins targets

Rollins buys across the US through Orkin, HomeTeam Pest Defense and its regional brands: 26 businesses in 2025. Larger targets keep their names (Northwest Exterminating, Clark, Fox, Saela); smaller ones fold into an existing branch. Its 2023 Fox deal and 2025 Saela deal both bought residential, door-to-door-built platforms in the West, so residential route density in Utah, Arizona and nearby states is a demonstrated interest.

Rentokil-Terminix targets

Rentokil buys local operators that fill Terminix and Rentokil North America branch gaps: 12 bolt-ons in 2025 averaging about $2.25 million of revenue, and Midwest brands such as Action Pest Control (Indiana and Kentucky) and World Pest Control (Kansas) in 2023. Its commercial brands, Steritech and Western Exterminator, make commercial and food-safety contracts a particular fit.

Anticimex (EQT-backed) targets

In the US, Anticimex buys through Modern Pest Services (Maine, Massachusetts, Connecticut) and Viking Pest Control (New Jersey and the Mid-Atlantic). Its October 2025 Envirocare deal in Watertown, Connecticut, is the latest dated example; Northeast owners should expect the approach to come from Modern or Viking.

Aptive Environmental (Citation Capital) targets

Aptive grew to more than half a million households in 34 states mainly through door-to-door selling, and we found no dated add-on since Citation Capital’s August 2024 investment. A residential operator in an Aptive market should treat it as a possible buyer for density and a competitor for customers.

Hawx Pest Control (PCM Growth) targets

Hawx said at its 2021 PCM Growth deal that it would invest in technology, digital marketing and inorganic growth to build a national residential platform. Its PureGreen purchase in Dallas shows interest in Texas residential routes. PCM Growth is 5.7 years into its hold.

Family-owned consolidator tier (Cook’s, Arrow, Massey, ABC, Adam’s, Truly Nolen, All-American) targets

Family-owned buyers buy next to their own footprint and stress continuity: Arrow described its 2026 Hoffman’s deal as a merger of two family companies, and Massey bought nine companies in the 12 months to July 2022. Of the seven, only Arrow has a deal dated 2025 or later in our search. For owners who put their team and brand first, a family-owned buyer is worth a call, but run it alongside a sponsor-backed and a public bidder so the price is tested.

What none of them will pay premium for

• Operators with declining revenue or high customer churn
• Residential books with no written service agreements
• Operators with pesticide violations or open insurance claims
• Very small books (under about $1 million of revenue) outside a buyer’s existing routes
• Territories where the buyer has no branch nearby
• Founder-dependent businesses where customer relationships do not transfer

Public consolidator, PE platform or family-owned buyer? A side-by-side test for pest control sellers

Most pest control owners decide which of the 22 buyers to sell to by accident: whoever calls first. The three tiers in this tracker want different things and pay in different ways, so the better question is which tier fits your route book and your own priorities. The matrix pulls the dated facts from the profiles above into one view; the decision table below it turns them into a shortlist.

Decision table: which buyers to put on your shortlist

Choose a public consolidator when certainty of closing and a clean cash exit matter more than the last turn of multiple, and your territory fills existing Orkin, HomeTeam Pest Defense or Terminix routes. Expect to stay for a transition period and read any contingent payment terms.

Choose a PE-backed platform when your routes are dense in a market the platform already serves, you want a second payday through rollover equity, and the sponsor is far enough from its own exit (under about 3 years into a 6.0-year typical hold) for that rollover to grow. Read the earnout and working capital terms as closely as the headline multiple.

Choose a family-owned consolidator when what happens to your technicians, customers and brand after the sale weighs as much as price. Arrow Exterminators, the most active family buyer we could date (3 deals since November 2024), describes its deals as mergers of family companies, so go in knowing what you are trading.

The tiebreaker we use: route overlap. When two tiers both fit, the buyer whose existing routes already run past your customers can cut cost per stop on day one, and that is the buyer with the most room to pay. Map your customer addresses against each shortlisted buyer’s branches (the tracker table names each buyer’s latest market) before you take a meeting. A good process puts at least one buyer from two different tiers in front of you, so no single tier sets your price.

What This Means for Pest Control Owners Considering an Exit

For a pest control owner, the tracker translates into five practical points: the buyer pool is deep but split into three tiers, cold inbound offers start with one bidder, you should know how your advisor is paid, preparation takes 12 to 18 months, and a confidential process protects technicians and customers while buyers compete.

1. The buyer pool is deep but split into tiers

There are 22 acquirers in this tracker, and PitchBook counted 143 pest control deals in 2024, so most buyers are not on any list. The pool splits into public consolidators (Rollins, Rentokil-Terminix) with cash and closing certainty; sponsor-backed platforms (Anticimex, Aptive, Greenix, Certus, Hawx, Rockit, PestCo, AXN, Barefoot, Entomo, Lookout) that offer rollover; and family-owned consolidators (Arrow, Cook’s, Massey, ABC) that stress continuity. Different owners optimize for different tiers.

2. The single biggest mistake: cold inbound

The most common way pest control owners begin a sale process is to answer cold outreach from one of the platforms above. With one buyer at the table, that buyer sets the pace, the terms and the price, and the offer reflects its standard add-on pricing rather than a test against the 2 or 3 other buyers whose routes overlap yours. A competing bid from a different tier is the cheapest way to find out what the first offer left out.

3. Know how your advisor is paid before you sign

Ask every advisor how they are paid before any work starts, and get the answer in writing. At CT Acquisitions, which works with a network of 500+ active buyers: We work for owners on the sell side. Our fee is success only: nothing upfront, and you pay nothing unless the business sells.

4. The 12-18 month preparation window

Pest control owners who plan to exit within 18 months should start now. The preparation list: separate owner expenses from EBITDA, document recurring versus one-time revenue (Rollins reports its own split as 75%, 10% and 15%, and buyers will ask for yours), export route and customer data from your field software, sign retention plans with key technicians and the qualifying license holder, put verbal service arrangements into written agreements, and close any open insurance or pesticide compliance issues.

5. Confidential process vs open listing

For owners whose business fits the criteria above, a confidential, buyer-matched process usually works better than a public listing. Confidentiality matters in a route business: technicians and customers who hear about a sale can leave before closing. A direct approach to the strategic buyers and platforms already running routes in your metro also reaches bidders a public listing misses.

Limitations of This Analysis

This tracker has known limitations that readers should understand.

Changes made in the November 2026 review: (1) Aptive Environmental: sponsor corrected from Goldman Sachs Asset Management to Citation Capital (majority, August 27, 2024). (2) Hawx Pest Control: sponsor corrected from Aurora Capital Partners to PCM Growth (closed March 12, 2021). (3) ProGuard Pest Solutions removed: no record of Trivest Partners ownership; replaced by Entomo Brands (CenterOak Partners). (4) Sentricon removed: a Corteva product, not an acquirer; replaced by Lookout Pest Control (Percheron Capital). (5) Western Pest Services moved from Rentokil to Rollins, its owner since April 30, 2004. (6) The 2024 deal-count ranking attributed to a Capstone Partners January 2025 report was removed because we could not locate the report; dated deals replace it.

Platform evaluated and excluded: Senske Services (GTCR-backed since December 2022, Kennewick, Washington) is sometimes counted in pest control reports. Its acquisitions are mainly lawn care, tree care and grounds maintenance, with Huron Pest Control (April 2025) the one pure pest deal we found, so it is excluded until its pest share grows.

Platforms removed in the May 19, 2026 audit: (1) Mantle Pest Control: the claimed Knox Lane sponsorship could not be verified. (2) Bug Doctor Termite & Pest Control: several unrelated regional companies use the name; no PE-backed platform found. (3) EcoSmart Pest Control: EcoSMART is a consumer products line of the Kittrich Corporation, not a PE roll-up. (4) Heron Home & Outdoor: covered under Rentokil, not a separate platform.

If a platform we missed has a dated sponsor release and dated pest control acquisitions, send the documents through our contact page and we will add it in the next refresh.

Coverage gaps

• Unannounced add-ons. PitchBook counted 143 deals in 2024, far more than the dated deals in this tracker. Many add-ons are never announced.
• Database-only dates. Some deal dates (Rockit’s Green Solutions, Entomo’s Albemarle, Certus’s Good Earth) come from Preqin or Mergr records rather than a release; the tracker table marks these as deal records.
• Family-office and search-fund buyers. Many smaller buyers acquire pest control businesses without issuing press releases and are not in this tracker.
• Undisclosed scale. Most private platforms do not publish revenue or branch counts; where we found none, the profile says so rather than estimating.

Multiple ranges are indicative, not guaranteed

The multiple ranges in this tracker are CT Acquisitions indicative bands anchored to the public markers (Terminix 19.3x EBITDA, Fox 2.8x revenue, GF Data 7.2x for 2024 business services buyouts). They are not a compiled transaction dataset and not a quote for any company. Actual prices depend on EBITDA quality, working capital, customer concentration, owner dependence and how many buyers compete.

Acquisition criteria are interpretive

The criteria attributed to each platform are read from where it has bought, as shown by dated deals, and from sponsor statements in press releases. None of the 22 publishes a numeric pest control buy box. Ask each buyer directly what revenue, recurring mix and geography it is looking for.

This is not investment advice

This tracker is published as information for pest control owners considering a sale. It is not investment advice. Before you sign an LOI, ask your CPA how the deal structure (asset or stock sale, earnout, rollover) and the purchase price allocation reported on IRS Form 8594 change your after-tax proceeds, and ask your attorney to review the non-compete scope and the working capital definition.

Future Updates and Methodology Notes

CT Acquisitions plans to refresh this tracker on the following cadence:

• Quarterly updates. Add new dated acquisitions and sponsor changes for each of the 22 acquirers.
• Annual recompilation. Re-check every owner and sponsor against a dated document, as in the November 2026 review.
• Major-event updates. When a platform in the tracker is sold or changes sponsor, we aim to update the entry within 30 days.

Methodology improvements planned

• Adding branch maps for each platform from its location pages
• Adding a deal-count column per platform once PitchBook-based counts are published by a named source
• Tracking sponsor exits against the 6.0-year typical hold

If you operate one of these platforms and want updates

If you operate one of the platforms in this tracker (or one we missed) and want to correct the published information, please get in touch. We update entries from dated public documents; we will add a release or filing you point us to.

How we compiled this

We compiled this tracker from 2 SEC annual filings (Rollins FY2025 10-K, Rentokil FY2025 20-F), 4 further SEC documents (Rentokil 2022 completion 6-K and merger proxy, Rentokil 2023 results, Rollins FY2004 10-K), 11 sponsor releases, platform releases from Rollins, Arrow and Massey, 3 deal-count reports (EdgePoint February 2025, Peapack Private Summer 2025, Capstone Partners May 2024) and dated PCT and PMP trade reports, all accessed in November 2026. Where only a deal database dated a deal, the table says so. We excluded forum posts and undated company claims, and we did not estimate any revenue, branch count or deal count that a source did not state.

Conclusion

The 2026 US pest control acquisition market has more bidders than most owners see. Two public consolidators bought 38 businesses between them in 2025 (Rollins 26, Rentokil 12 in North America), eleven sponsor-backed platforms are buying add-ons, and family-owned Arrow is still expanding. PitchBook counted 143 pest control deals in 2024, up from 131 in 2023.

That depth only helps an owner who puts more than one buyer in the room. Most pest control owners meet one or two of these acquirers, often Rollins or PestCo Holdings, through cold outreach, accept add-on pricing from the first bidder, and never test it against a public consolidator or a sponsor whose routes overlap theirs. The gap between an add-on price and what a strategic buyer can pay for density it can absorb is the value at stake.

For pest control owners considering an exit in the next 12 to 24 months: (1) use the decision table above to shortlist 3 to 5 buyers by geography, size and structure; (2) check where each sponsor-backed bidder sits on the hold clock before you accept rollover; (3) start preparing your recurring-revenue records now; and (4) keep the process confidential to protect technicians and customers.

CT Acquisitions works with a network of 500+ active US lower-middle-market buyers, including sponsor-backed platforms and strategic consolidators. We work for owners on the sell side. Our fee is success only: nothing upfront, and you pay nothing unless the business sells. If you own a pest control business and want a confidential conversation, book a call.

Frequently asked questions

Who bought Terminix?

Rentokil Initial bought Terminix Global Holdings for about $6.7 billion in cash and shares, completing the deal on October 12, 2022. PitchBook data puts the price at 19.3x Terminix’s LTM EBITDA. Terminix still operates as a US brand inside Rentokil, which reported $4,294 million of North American revenue in 2025 and closed 12 more North American bolt-ons that year.

Did Orkin get bought out?

No. Orkin has belonged to Rollins, Inc. (NYSE: ROL) since the Rollins family bought it in 1964, and Rollins is a buyer, not a seller. Rollins also owns HomeTeam Pest Defense, Northwest Exterminating, Western Pest Services, Fox Pest Control and Saela, and it acquired 26 businesses in 2025, per its FY2025 10-K.

Who is the biggest pest control company?

By revenue, Rentokil Initial is the largest pest control company in the world, with $6.9 billion of group revenue in 2025 after its 2022 Terminix purchase. Rollins, the largest US-headquartered operator, reported $3.76 billion of 2025 revenue and more than 2 million customers. Anticimex, owned by EQT since 2012, is the largest pure-play pest control company in Europe.

Which pest control firms have been acquired recently?

Dated pest control acquisitions since late 2024 include Saela by Rollins (April 1, 2025, $130.1 million), Rove by Greenix (June 24, 2025), Good Earth by Certus (November 19, 2025), Southwest Exterminating (December 9, 2025) and Long Pest Control (January 22, 2026) by PestCo Holdings, and Hoffman’s Exterminating by Arrow (2026). PitchBook counted 143 pest control deals in 2024, so most add-ons are never announced.

Is private equity buying pest control companies?

Yes. Eleven of the 22 acquirers in this tracker are sponsor-backed, and six of those sponsor positions began in 2022 or later, including Citation Capital at Aptive (August 2024) and Gridiron Capital at Greenix (July 2025). Capstone Partners reported private equity buyer activity in pest control up 18.8% year over year in its May 2024 market update.

Which pest control acquirer pays the highest multiples?

The highest public multiple is Rentokil’s 2022 purchase of Terminix at 19.3x LTM EBITDA, per PitchBook data in Peapack Private’s Summer 2025 report; Rollins paid 2.8x LTM revenue for Fox Pest Control in 2023. Those are national strategic deals. Local add-ons price far lower, and GF Data puts 2024 business services buyouts of $10 million to $250 million at 7.2x EBITDA.

How long do private equity firms keep a pest control platform?

Private Equity Info puts the typical private equity hold at 6.0 years across 13,757 exits from 2021 to mid-2026. In this tracker, Certus (7.5 years with Imperial Capital), Hawx (5.7), Rockit (5.6) and PestCo (5.0) are at or past 5 years in November 2026, so platform sales are likely soon; Greenix (1.3) and Aptive (2.2) are early in their holds.

Can CT Acquisitions help me sell my pest control business?

Yes. CT Acquisitions runs confidential sales for owners of founder-owned businesses and works with a network of 500+ active US lower-middle-market buyers, including sponsor-backed platforms and strategic consolidators. We work for owners on the sell side. Our fee is success only: nothing upfront, and you pay nothing unless the business sells. Book a confidential call to discuss your options.

Sources & References

Every source below was accessed in November 2026.

• Rollins, Inc., Form 10-K for fiscal 2025 (revenue, employees, brands, 26 acquisitions, Saela): SEC EDGAR
• Rollins, Inc., Form 10-K for fiscal 2004 (Western Pest Services acquisition): SEC EDGAR
• Rollins, Inc., “Rollins completes acquisition of Fox Pest Control”, April 5, 2023: rollins.com; PCT coverage of the $350 million price: pctonline.com
• Rollins, Inc., “Rollins agrees to purchase Northwest Exterminating”, July 25, 2017: rollins.com
• Rentokil Initial plc, FY2025 20-F exhibit (group and North America revenue, 2025 bolt-ons): SEC EDGAR
• Rentokil Initial plc, Form 6-K on completion of the Terminix acquisition, October 2022: SEC EDGAR
• Rentokil Initial plc, Form 424B3 merger proxy with the Lazard fairness analysis, 2022: SEC EDGAR
• Rentokil Initial plc, 2023 full-year results (41 acquisitions): SEC EDGAR
• PCT, Rentokil acquires Western Exterminator, September 2012: pctonline.com; Rentokil Terminix acquires Action Pest Control and World Pest Control, 2023: pctonline.com
• EQT, EQT VI acquires Anticimex Group, 2012: eqtgroup.com; Anticimex portfolio page: eqtgroup.com; minority partners, 2017: eqtgroup.com; GIC, 2019: eqtgroup.com
• Anticimex, Anticimex acquires Modern Pest Services, July 2017: us.anticimex.com; PCT on the Modern and Viking deals: pctonline.com
• Citation Capital and Aptive Environmental, August 27, 2024: PR Newswire
• Hawx acquired by PCM Growth, July 27, 2021: Newswire
• Gridiron Capital partners with Greenix, July 28, 2025: PR Newswire; Greenix acquires Rove Pest Control: PCT
• Torys LLP, Certus Pest Control capital investment, May 21, 2024: torys.com; PMP, Certus celebrates 50 acquisitions in 3 years, March 29, 2022: mypmp.net
• Halle Capital Management launches Rockit Pest, April 1, 2021: BusinessWire
• Thompson Street Capital Partners, PestCo Holdings invests in Ecoteam, November 15, 2021: tscp.com; PestCo acquires Southwest Exterminating, December 9, 2025: BusinessWire
• Shore Capital Partners announces partnership with ACTION Termite & Pest Control, December 8, 2023: BusinessWire; AXN acquires Patriot Pest & Termite Control: PCT
• Incline Equity Partners partners with Barefoot Mosquito & Pest Control, February 2, 2023: inclineequity.com
• CenterOak Partners acquires PestNow and forms Entomo Brands, August 1, 2023: BusinessWire
• Percheron Capital expands pest control services platform, June 27, 2023: PR Newswire
• Trivest Partners and Alta Pest Control, April 30, 2024: PCT
• Arrow Exterminators, acquisition of Hoffman’s Exterminating, 2026: arrowexterminators.com
• Massey Services acquires Peninsular Pest Control, July 2022: PR Newswire; Massey acquires Horne’s Pest Control, March 2, 2023: masseyservices.com
• EdgePoint, Pest Control Flash Report, February 2025 (PitchBook data as of February 7, 2025): edgepoint.com
• Peapack Private, Industry Perspectives: Pest Control Services, Summer 2025 (PitchBook, GF Data and IBISWorld figures): peapackprivate.com
• Capstone Partners, Pest Control Market Update, May 28, 2024: capstonepartners.com
• Private Equity Info, “Six years and counting: the new reality of PE holding periods”, September 7, 2026: privateequityinfo.com
• Deal records used where no release was found: Preqin (Rockit, Green Solutions), Mergr (Certus, Good Earth), PrivSource (Modern, Envirocare)

Related CT Acquisitions analysis

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• How Much Is a Pest Control Business Worth?
• Pest Control Business Valuation Guide
• Why Private Equity Is Buying Home Services Companies
• Why Pest Control Commands Higher Multiples
• EBITDA Multiples for Home Services Businesses

Last reviewed: November 2026. CT Acquisitions plans to refresh this tracker quarterly. For corrections or platform updates, please get in touch.

Next steps: If you’re ready to exit your pest control business, we run a confidential sell-side process, paid on success at closing. No public listing, and introductions to matched buyers in our network of 500+ active capital partners.

Read next: the 2026 LMM Buyer Mandate Report, a 4,500-word proprietary research piece on the 500+ active U.S. lower-middle-market buyers, mapped by EBITDA band, sector, and deal structure.