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 (Financial)
Wachtell, Lipton, Rosen & Katz
Macfarlanes (Legal)

Target

Terminix

Memphis, Tennessee, United States
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.

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Buyer(S) 1

Buyer

Rentokil Initial

Crawley, United Kingdom
Category Company
Founded 1903
Sector Business Services
Employees62,931
Revenue 5.4B GBP (2023)
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 Crawley, the United Kingdom.

DEAL STATS #
Overall 28 of 29
Sector (Consumer Services) 16 of 17
Type (Add-on Acquisition) 23 of 24
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 HiCare

Mumbai, India

Hicare is a pest control services provider, operating across the country through 52 branches in 27 cities. It serves over one lakh residential customers and 10,000 commercial customers with major network of franchise partners. HiCare was founded in 1993 and is based in Mumbai, Maharashtra.

Buy -
Mergr

Product

Company

Legal