M&A Deal Summary

Rentokil Initial Acquires Eradico Services

On March 19, 2015, Rentokil Initial acquired consumer services company Eradico Services

Acquisition Highlights
  • This is Rentokil Initial’s 8th transaction in the Consumer Services sector.
  • This is Rentokil Initial’s 5th transaction in the United States.
  • This is Rentokil Initial’s 1st transaction in Michigan.

M&A Deal Summary
Date 2015-03-19
Target Eradico Services
Sector Consumer Services
Buyer(s) Rentokil Initial
Deal Type Add-on Acquisition

Target

Eradico Services

Novi, Michigan, United States
Eradico is a long established and well-respected pest control provider in Michigan (population of 9.9m people, 10th largest state in the USA). Its main city operations are in Detroit. Eradico's turnover is 60% commercial and 40% residential.

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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 18 of 28
Sector (Consumer Services) 8 of 16
Type (Add-on Acquisition) 13 of 23
State (Michigan) 1 of 2
Country (United States) 5 of 11
Year (2015) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-19 Sagrip S.A.

Guatemala, Guatemala

Sagrip is an independent pest control company across the growing markets of Guatemala and El Salvador. The majority of revenues are from commercial customers, such as leading international businesses in the food processing, hospitality and pharmaceutical industries. In Guatemala, Sagrip focuses on high-end commercial customers in Guatemala City. In El Salvador, it operates in the cities of San Salvador and San Miguel with a significant commercial (mostly hospitality) focus.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 The Steritech Group

Charlotte, North Carolina, United States

The Steritech Group, Inc. is a provider of food safety, quality assurance and pest prevention services, and a trusted partner to many of the world’s leading brands.

Buy -
Mergr

Product

Company

Legal