M&A Deal Summary

Rentokil Initial Acquires Residex

On July 7, 2016, Rentokil Initial acquired consumer services company Residex for 30M USD

Acquisition Highlights
  • This is Rentokil Initial’s 12th transaction in the Consumer Services sector.
  • This is Rentokil Initial’s 6th largest (disclosed) transaction.
  • This is Rentokil Initial’s 7th transaction in the United States.
  • This is Rentokil Initial’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2016-07-07
Target Residex
Sector Consumer Services
Buyer(s) Rentokil Initial
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

Residex

Novi, Michigan, United States
Residex LLC is a Michigan headquartered pest products and turf management products distribution company. Today the company's sales are approximately 50 per cent pest products and 50 per cent turf products. It sells its products throughout the US and Canada with a particular focus on the Midwest, South East and North East US.

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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 24 of 28
Sector (Consumer Services) 12 of 16
Type (Add-on Acquisition) 19 of 23
State (Michigan) 2 of 2
Country (United States) 7 of 11
Year (2016) 4 of 4
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-08 Abadi Hygiene Services Sdn Bhd

Shah Alam, Malaysia

Abadi Hygiene Services Sdn Bhd which delivers high quality pest control and hygiene services, primarily in the cities of Kuala Lumpur, Johor and Penang. The company was founded in 1997 and is based in Shah Alam, Malaysia with additional offices in Penang, Selangor, Malacca, Pahang, and Johore, Malaysia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-07 Allgood Services Of Georgia

Atlanta, Georgia, United States

Allgood Services Of Georgia, Inc. is a high quality pest control company headquartered in Atlanta, Georgia, and which also operates in Tennessee.

Buy -
Mergr

Product

Company

Legal