Pest Control Industry Transactions:
Past NPMA President Ray Johnson, Sells Johnson Pest Control to Rentokil
Rentokil Acquires Johnson Pest Control
Johnson Pest Control was founded by Ray and Tammy Johnson in 1984 and provides professional, quality residential and commercial pest control services to customers in the eastern Tennessee market. Johnson offers general pest control, termite, mosquito, and bed bug services. Ray Johnson is a past NPMA president (2011-2012).
Rentokil Steritech, a Rentokil North America company, announced the acquisition of Johnson Pest Control of Sevierville, Tenn. The acquisition further expands Rentokil Steritech’s footprint in the Tennessee market.
The PCO M&A Specialists team creativity and expertise paid off. PCO M&A Specialists created a very competitive bidding situation that resulted in a price at the high end of valuations in this very hot M&A market.
“Tammy and Ray have built a world-class company that has an incredible reputation for delivering high-quality pest control services with a special caring touch that comes from a family-run operation,” said John Myers, president, and CEO of Rentokil North America. “We are excited to welcome the Johnson Pest Control team to our North American organization and look forward to continuing the tradition of community involvement that Tammy and Ray have established and to bringing an expanded range of services to Sevierville-area home and business owners.”
In commenting on the decision to sell to Rentokil Steritech, Ray Johnson said, “In seeking out a partner, we looked for just the right sort of organization that shared our core values including a commitment to our customers, colleagues, technical expertise and a well-earned reputation. We feel that Rentokil Steritech was the right fit.” Johnson’s employees will all remain on board with Rentokil Steritech.
Johnson added, “After 40 years of marriage, and 35 years in business, it was time for us to start thinking about retirement. We look forward to spending more time with our special need’s son, Grant in the future. “
M&A Broker Services: Working with the PCO M&A Specialist Team
“Selling a business is no easy task,” Ray told us. “There is a ton of information that buyers need to have to value your business. The PCO M&A Specialists team knew all the industry routing software as well as QuickBooks which allowed them to pull information directly from our systems. They knew what they are looking at and how to use it to put us in the best light.” The transaction was done in an extremely tax-efficient manner. Ray also shared with us that he loved the fact that he could get brokerage, tax and legal advice all from the same firm.
When the LEADERS of the Pest Management Industry Decide to Sell Their Businesses, They Choose the LEADERS of the Pest Management Merger and Acquisition Business to Help Them Sell their Businesses for Maximum after Tax Dollars.
We are fortunate that we had the PCO M&A Specialists team to look after our interests, find the right deal, negotiate and structure it for maximum after-tax dollars. They did everything they said they would do for us always looking out for our best interests. We highly recommend this team of experts to any owner who’s contemplating the sale of their pest management business.
When the time came to sell, we knew that Dan Gordon, CPA, his attorney partner, John Corrigan, and their team of MBAs and CPAs would get us the best deal on all
aspects important to our family. PCO M&A Specialists also did an outstanding job coordinating all the moving parts leading up to the consummation of the transaction.
Selling a long time established family business is a huge and very emotional decision. Dan and John helped us make the decision to sell, and did a great job getting us the best offer while making sure that we minimized the tax bite. I can’t say enough about how they navigated the valuation and the tax and legal minefields in getting our deal done!
The PCO M&A Specialists team worked very closely with me to help me achieve my primary goals. Dan, John, and the entire PCO M&A Specialists team are seasoned professionals, and their expertise in the finances and unique legalities of the pest control industry resulted in a deal that went smoothly and achieved an outcome that exceeded my expectations.
The PCO M&A Specialists team are CPAs, Analysts, MBAs and a transactional attorney ready to help. Their skill set includes determining value, marketing sellers to many buyers who have significant cash, are ready to buy, and who they have great relationships with. It’s a very powerful combination of talent that puts a seller in the driver seat.
Their expertise is far reaching and multidimensional. They don’t just broker the deal, collect a commission and leave you to your own accountant or attorney who may not be familiar with how pest industry deals get done. They are a team of seasoned professionals who are ready to help.
Based on my own experience I think PCO M&A Specialists, not unlike my New Mexico applicator’s license, are #1 in delivering on their service promise. They’ve assembled an outstanding team of professionals that help clients interested in selling their businesses achieve maximum value.
I count my blessings for having been able to work with and come to rely upon such an experienced business brokerage team as PCO M&A Specialists. They did everything they said they would do with great precision and were always looking out for the best interests of my wife and me. It doesn’t get any better than that!
Contact PCO M&A Specialists
Subscribe to our newsletters, or to be contacted for a free consultation leave more information in the questions section below.