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
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 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 -
Mergr

Product

Company

Legal