M&A Deal Summary

Rentokil Steritech Acquires Mosquito Control Services

On April 3, 2019, Rentokil Steritech acquired business services company Mosquito Control Services from Northstar Capital

Acquisition Highlights
  • This is Rentokil Steritech’s 1st transaction in the Business Services sector.
  • This is Rentokil Steritech’s 2nd transaction in the United States.
  • This is Rentokil Steritech’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2019-04-03
Target Mosquito Control Services
Sector Business Services
Buyer(s) Rentokil Steritech
Sellers(s) Northstar Capital
Deal Type Add-on Acquisition

Target

Mosquito Control Services

Metairie, Louisiana, United States
Mosquito Control Services is a provider of mosquito abatement programs for municipal and commercial clients. Mosquito Control Services is based in Metairie, Louisiana.

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Buyer(S) 1

Buyer

Rentokil Steritech

Reading, Pennsylvania, United States

Category Company
Founded 2015
Sector Consumer Services
DESCRIPTION

Rentokil Steritech is a pest control company. Rentokil Steritech offers quality pest control service which includes a comprehensive pest management solution encompassing general pest control, termite, mosquito, bed bug, nuisance wildlife, vegetation management, bird management solutions and fumigations. Rentokil Steritech was established in 2015 and is based in Reading, Pennsylvania.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Louisiana M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Batzner Pest Control

New Berlin, Wisconsin, United States

Batzner Pest Control, Inc. is a provider of pest control services for residents, restaurants, senior living and healthcare industries. Batzner Pest Control, Inc. was founded in 1946 and is based in New Berlin, Wisconsin.

Buy -

Seller(S) 1

SELLER

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 47 of 82
Sector: Business Services M&A 7 of 10
Type: Add-on Acquisition M&A Deals 14 of 29
State: Louisiana M&A 1 of 1
Country: United States M&A 46 of 78
Year: 2019 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Frontline Managed Services

Atlanta, Georgia, United States

Frontline Managed Services is a provider of business process outsourcing to the legal and accounting markets. Frontline Managed Services specializes in white glove IT help desk support, IT Managed Services (Development, Infrastructure, Engineering, and Legacy Software Support), Managed Financial Services (e-billing processing, accounts receivable management, and cash application), and training and education through its e-learning platform. Frontline Managed Services was founded in 1987 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 Paradigm Electronics

Mississauga, Ontario, Canada

Paradigm Electronics, Inc. is a manufacturer of loudspeakers and audio-video components, sold under the Paradigm® and Anthem™ brand names. Paradigm sells through independent dealers (retailers and custom installers) in the U.S. and Canada and through independent distributors internationally.

Sell -