M&A Deal Summary

Terminix Acquires Nomor

On September 9, 2019, Terminix acquired consumer services company Nomor from Norvestor Equity AS for 200M USD

Acquisition Highlights
  • This is Terminix’s 1st transaction in the Consumer Services sector.
  • This is Terminix’s largest (disclosed) transaction.
  • This is Terminix’s 1st transaction in Sweden.

M&A Deal Summary
Date 2019-09-09
Target Nomor
Sector Consumer Services
Buyer(s) Terminix
Sellers(s) Norvestor Equity AS
Deal Type Add-on Acquisition
Deal Value 200M USD
Advisor(s) Potomac Business Capital
ABG Sundal Collier (Financial)

Target

Nomor

Sollentuna, Sweden
Nomor is a provider of pest control and hygiene services in both Sweden and Norway. The company offers a broad range of pest control and hygiene services, including preventative pest measures, food safety services, inspection, and sanitation of mold/fungi, and has deep relationships with the insurance industry in both countries. Nomor was formed in 1995 and is based in Sollentuna, Sweden.

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Buyer(S) 1

Buyer

Terminix

Memphis, Tennessee, United States
Category Company
Founded 1929
Sector Consumer Services
Employees11,400
Revenue 2.0B USD (2021)
DESCRIPTION
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.

DEAL STATS #
Overall 3 of 5
Sector (Consumer Services) 1 of 3
Type (Add-on Acquisition) 3 of 5
Country (Sweden) 1 of 1
Year (2019) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-31 TruGreen

Memphis, Tennessee, United States

TruGreen is an operator of a lawn care company that offers lawn, tree and shrub care services. TruGreen was founded in 1973 and is based in Memphis, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Gregory Pest Solutions

Greenville, South Carolina, United States

Gregory Pest Control LLC is a provider of residential, commercial pest control services and lawn care solutions. Gregory Pest Control LLC was founded in 1972 and is based in Greenville, South Carolina.

Buy -

Seller(S) 1

SELLER

Norvestor Equity AS

Oslo, Norway

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Norvestor Equity is an independent private equity group focused on opportunities throughout Norway and the nearby Nordic region. Norvestor generally looks to acquire control positions in businesses with strong market positions, clear potential for sales and earnings growth, and motivated management. Sectors of interest include engineering/technology, food/beverage, IT, telecommunications, maritime equipment, oil services, power/energy, retail, and services/outsourcing. The Firm's investment size is €10 to €45 million in companies with enterprise values of €20 to €125 million. Norvestor Equity is based in Oslo with an additional office in Stockholm.

DEAL STATS #
Overall 39 of 48
Sector (Consumer Services) 2 of 2
Type (Add-on Acquisition) 13 of 17
Country (Sweden) 7 of 12
Year (2019) 3 of 5
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 IT Gården i Landskrona AB

Landskrona, Sweden

IT Gården i Landskrona AB is an IT service outsourcing provider to small and medium-sized enterprises in the Skåne region. The Company delivers IT services within IT outsourcing and infrastructure, virtualisation and client platforms as well as related products. IT Gården aims to provide customers with an easy way of outsourcing all IT related services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Oy Johnson Metall Ab

Pirkkala, Sweden

Johnson Metall offers a full range of bronze components, serving customers with finished machined bronze components, casting goods, and traded special alloys and bearings. The company's production facilities are located in Sweden and Finland, with sales companies in Denmark and Norway.

Sell -
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