Client Spotlight

chuck
Chuck Simko

Owner, New Mexico Pest Control

“One idea can be worth hundreds of thousands of dollars. To me it’s kind of a no-brainer to work with PCO Bookkeepers”

Business Background

COMPANY
New Mexico Pest Control

HEADQUARTERS
Santa Fe, N.M.

OWNER
Chuck Simko

FOUNDED
1945

SOLD TO
Rentokill Steritech

TRANSACTION DATE
2018

No. 1 team in the business

In the pest management industry, it goes without saying that someone who holds a state’s first-
ever issued pesticide applicator license knows the business very well. Chuck Simko holds New
Mexico applicator license No. 1. He has worked in the industry since 1970.

Since acquiring it in 1985, he has worked tirelessly to develop his Santa Fe-based company,
New Mexico Pest Control (NMPC), into one of the most well-regarded and longest-standing
independent pest control businesses in the state.

Over the years, Chuck has served three separate terms as president of the New Mexico Pest
Management Association, and the company has been a member of the National Pest
Management Association. New customers have quickly come to realize the value of hiring an
experienced industry professional and team of dedicated employees. Chuck is a shining
example of how an entrepreneur, through hard work, perseverance and focus on customers
and ongoing training, can create a highly valued business and provide a stable livelihood for
employees and their young families.

The decision to sell

On the day Chuck celebrated his 70th birthday, he decided it was time to retire and sell his
company. He had some thoughts about the type of buyer he wanted to see take over the
business, to continue in his tradition of keeping both customers and employees satisfied. When
he first contacted PCO M&A Specialists, a division of PCO Bookkeepers, he said it took great
people to build his company and to help shape the industry. He knew it would also take a
broker with specific expertise in the pest management industry to develop an overall game
plan, involving business analysis, marketing the business for sale, negotiating with a qualified
buyer and successfully bringing the deal to close. During preliminary discussions, Chuck came to
realize that PCO M&A Specialists had all the talent needed on staff to work on his deal, and he
signed on as a client. No other broker in the industry had this depth of professional talent on
staff.

The sale

The PCO M&A Specialists team worked closely with Chuck to structure a deal that exceeded his
expectations. The deal was brought to a smooth conclusion, allowing him to maximize his after-
tax proceeds and to look forward to a more comfortable retirement in the years ahead. Per
Chuck, navigating this sales process can only go smoothly with seasoned professionals like the
PCO M&A Specialists team.

The experience

“Based on my own experience I think PCO M&A Specialists, not unlike my New Mexico
applicator’s license, are No. 1 in delivering on their service promise,” Chuck says. “They’ve
assembled an outstanding team of professionals that help clients interested in selling their
businesses achieve maximum value. Their skill set as CPAs, MBAs and a transactional attorney,
allow them to determine value, effectively market to buyers who have significant cash, are
ready to buy and who they have solid and objective relationships with. As the seller, I knew that
the team was always advocating for me, and I always knew what the next steps in the process
would be. I highly recommend the entire PCO M&A Specialists team to anyone looking to
successfully navigate through the selling process.”

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