M&A Deal Summary

CenterOak Partners Acquires Palmetto Exterminators

On October 6, 2022, private equity firm CenterOak Partners acquired consumer services company Palmetto Exterminators

Acquisition Highlights
  • This is CenterOak Partners’ 1st transaction in the Consumer Services sector.
  • This is CenterOak Partners’ 11th transaction in the United States.
  • This is CenterOak Partners’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2022-10-06
Target Palmetto Exterminators
Sector Consumer Services
Buyer(s) CenterOak Partners
Deal Type Recapitalization

Target

Palmetto Exterminators

Charleston, South Carolina, United States
Palmetto Exterminators is an independent pest control company providing general pest, recurring termite and mosquito control services. Palmetto Exterminators was founded in 1960 and is based in Charleston, South Carolina.

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Buyer(S) 1

Buyer

CenterOak Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CenterOak Partners is a private equity firm focused on making control-oriented investments in middle-market companies operating in the industrial, consumer, and business services sectors. The Firm will consider opportunities throughout the US and targets companies valued between $50 to $500 million. Prospective transaction situations include buyouts, recapitalizations, consolidations, and non-core divestitures. CenterOak Partners was formed in 2014 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 11 of 12
Sector (Consumer Services) 1 of 1
Type (Recapitalization) 2 of 3
State (South Carolina) 1 of 1
Country (United States) 11 of 12
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 Vivify

Glendale Heights, Illinois, United States

Vivify is a supplier of specialty colorants and functional ingredients to customers across multiple consumer and industrial end markets. Through diverse sourcing capabilities, advanced lab expertise, and a technical, high-touch salesforce, Vivify delivers customer-specific solutions focused on product performance and customized applications. Vivify was founded in 1978 and is based in Glendale Heights, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Wetzel s Pretzels

Pasadena, California, United States

Wetzel's Pretzels is an owner and franchisor of soft pretzel stores. Wetzel's menu includes a variety of fresh-baked soft pretzels, Wetzel Dogs, Wetzel Bitz, and beverages. Today, Wetzel’s Pretzels has 305 locations in 28 states and six countries. Wetzel's stores are located in shopping malls, outlet centers, theme parks, select discount retail stores, train stations, and airports. Wetzel’s Pretzels was founded in 1994 and is headquartered in Pasadena, California.

Sell $207M
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