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Terminix Wraps 2012 On Strong Acquisitions Pace

MEMPHIS, Tenn., Jan. 22, 2013 (GLOBE NEWSWIRE) -- Terminix, the nation's largest pest control provider, today announced the closing of six asset acquisitions in December 2012. These transactions contribute strong management teams, additional service offerings and geographic diversity to the Terminix portfolio, further highlighting the company's aggressive growth strategy.

"This most recent round of acquisitions reinforces not only the Terminix growth strategy, but also the inherent value proposition for the business lines we are acquiring," said Chuck Fallon, president of Terminix. "We approach every deal thoughtfully to do what's right for the associates, customers and the company."

Terminix plans to continue its organic and acquisition growth strategy in 2013 with a focus on both domestic and international acquisitions to further expand the company's geographic footprint. Terminix actively looks for a variety of pest control operators (PCOs) and, as with the businesses acquired in December, utilizes different integration models, from tuck-in to stand-alone operations.

Collectively, the annualized revenue for these recent acquisitions is in excess of $10 million.

The acquisitions include assets from:

  • McCauley Brothers Termite and Pest Services

Operations in Rohnert and Pittsburg, Calif.

  • Pestmaster Services

Corporate operations in Lancaster, Bishop, Bakersfield, Sacramento, Ridgecrest and Newark, Calif.

  • Pestmaster Services

Franchise operations in Grover Beach, Calif

  • BioGuard Pest Control

Operations in Boise, Idaho; Salt Lake City, Utah; Nashville, Tenn.; and Virginia Beach, Va.

  • Springer Professional Home Services

Operation in Davenport, Iowa

  • Foothills Pest Control

Operation in Chandler, Ariz.

About Terminix

Terminix, a division of the ServiceMaster Company, is the world's largest pest control provider. Headquartered in Memphis, Tenn., Terminix services more than 3 million customers in 47 states and 14 countries. Terminix provides pest control services and protection against termites, rodents and other pests threatening human health and/or safety. To learn more about Terminix, visit their website at www.Terminix.com.

About ServiceMaster®

With a global network of more than 6,900 company-owned, franchised and licensed locations, Memphis-based ServiceMaster is one of the world's largest residential and commercial service networks. The company's high-profile brands are Terminix, TruGreen, American Home Shield, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. Through approximately 21,000 corporate associates and a franchise network that independently employs over 31,000 additional people, the ServiceMaster family of brands provided services and products to approximately 8.1 million customers during the last twelve months. Our market-leading brands provide a range of residential and commercial services including termite and pest control; lawn, tree and shrub care; home warranties and preventative maintenance contracts; furniture repair; home inspections; home cleaning; janitorial services; and disaster restoration. Go to www.servicemaster.com for more information about ServiceMaster or follow us at twitter.com/ServiceMaster or facebook.com/TheServiceMasterCo.

Valerie Middleton

901-597-1383

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http://www.cisionwire.com/terminix/r/terminix-wraps-2012-on-strong-acquisitions-pace,c9359864

Source: Terminix