M&A Deal Summary

Rentokil Initial Acquires The Steritech Group

On September 1, 2015, Rentokil Initial acquired business services company The Steritech Group

Acquisition Highlights
  • This is Rentokil Initial’s 9th transaction in the Business Services sector.
  • This is Rentokil Initial’s 6th transaction in the United States.
  • This is Rentokil Initial’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2015-09-01
Target The Steritech Group
Sector Business Services
Buyer(s) Rentokil Initial
Deal Type Add-on Acquisition

Target

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.

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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 19 of 28
Sector (Business Services) 9 of 9
Type (Add-on Acquisition) 14 of 23
State (North Carolina) 1 of 1
Country (United States) 6 of 11
Year (2015) 6 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
2015-11-01 Oliver Exterminating Service

San Juan, Puerto Rico

Oliver Exterminating Service Corp. is a provider of residential and commercial/industrial pest control services in Puerto Rico and the Dominican Republic.

Buy -
Mergr

Product

Company

Legal