M&A Deal Summary

Rentokil Initial Acquires Terminix

On December 14, 2021, Rentokil Initial acquired consumer services company Terminix for 6.7B USD

Acquisition Highlights
  • This is Rentokil Initial’s 16th transaction in the Consumer Services sector.
  • This is Rentokil Initial’s largest (disclosed) transaction.
  • This is Rentokil Initial’s 11th transaction in the United States.
  • This is Rentokil Initial’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2021-12-14
Target Terminix
Sector Consumer Services
Buyer(s) Rentokil Initial
Deal Type Add-on Acquisition
Deal Value 6.7B USD
Advisor(s) Lazard Ltd. (Financial)
Wachtell, Lipton, Rosen & Katz LLP
Macfarlanes (Legal)

Target

Terminix

Memphis, Tennessee, United States
website
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.

Search 191,421 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Rentokil Initial

Camberley, United Kingdom

website


Category Company
Founded 1903
Sector Business Services
Employees44,500
Revenue 3.7B GBP (2022)
DESCRIPTION

Rentokil Initial is a provider of offers facilities management and related services, including catering, cleaning, security, buildings mechanical and electrical engineering, and statutory compliance to commercial and government sector organizations; pest control services. Rentokil Initial was founded in 1903 and is based in Camberley, the United Kingdom.


DEAL STATS #
Overall 28 of 28
Sector (Consumer Services) 16 of 16
Type (Add-on Acquisition) 23 of 23
State (Tennessee) 1 of 1
Country (United States) 11 of 11
Year (2021) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 Florida Pest Control

Gainesville, Florida, United States

Florida Pest Control is a high-quality pest control service provider for commercial and residential customers. Florida Pest Control was established in 1949 and is headquartered in Gainesville, Florida.

Buy -