M&A Deal Summary

CD&R Acquires TruGreen

On December 31, 2013, private equity firm CD&R acquired consumer services company TruGreen from Terminix

Acquisition Highlights
  • This is CD&R’s 4th transaction in the Consumer Services sector.
  • This is CD&R’s 29th transaction in the United States.
  • This is CD&R’s 3rd transaction in Tennessee.

M&A Deal Summary

Date 2013-12-31
Target TruGreen
Sector Consumer Services
Buyer(s) CD&R
Sellers(s) Terminix
Deal Type Divestiture

Target

TruGreen

Memphis, Tennessee, United States
website
TruGreen is an operator of a lawn care company that offers lawn, tree and shrub care services. TruGreen was founded in 1973 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 37 of 90
Sector (Consumer Services) 4 of 6
Type (Divestiture) 15 of 24
State (Tennessee) 3 of 6
Country (United States) 29 of 65
Year (2013) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 PharMEDium Healthcare

Lake Forest, Illinois, United States

PharMEDium Healthcare Holdings, Inc. is a provider of intravenous (IV) admixture services supplied to the hospital market. The Company’s IV admixture service involves the mixing of drug compounds into intravenous solutions for infusion into patients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-18 Solenis

Wilmington, Delaware, United States

Solenis is a global manufacturer of specialty chemicals for pulp, paper, oil and gas, chemical processing, mining, biorefining, power, and municipal markets. Solenis was founded in 2014 and is based in Wilmington, Delaware.

Buy $1.8B

Seller(S) 1

SELLER

Terminix

Memphis, Tennessee, United States

website


Category Company
Founded 1929
Sector Consumer Services
Employees11,400
Revenue 2.0B USD (2021)
DESCRIPTION
Terminix's corporate headquarters in downtown Memphis, Tennessee.
Terminix's corporate headquarters in downtown Memphis, Tennessee.

Terminix is a provider of residential and commercial pest management. The Company provides pest management services and protection against termites, mosquitoes, rodents and other pests. Terminix is based in Memphis, Tennessee.


DEAL STATS #
Overall 4 of 5
Sector (Consumer Services) 1 of 2
Type (Divestiture) 4 of 5
State (Tennessee) 1 of 1
Country (United States) 4 of 5
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-20 InStar Services Group

Troy, Michigan, United States

InStar Services Group is a leading national disaster response and restoration company formed through the acquisition of four leading regional companies in the disaster response and restoration industry. InStar responds on an emergency basis following routine events such as fires and water line breaks as well as large-scale catastrophic events such as hurricanes, floods and tornadoes. Through its network of 24 full-service offices throughout the Eastern, Southern and Southwestern United States, InStar provides a full complement of restoration and reconstruction services to property owners/managers, commercial customers, insurers and individual homeowners.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 Nomor

Sollentuna, Sweden

Nomor is a provider of pest control and hygiene services in both Sweden and Norway. The company offers a broad range of pest control and hygiene services, including preventative pest measures, food safety services, inspection, and sanitation of mold/fungi, and has deep relationships with the insurance industry in both countries. Nomor was formed in 1995 and is based in Sollentuna, Sweden.

Buy $200M