In 1991, Dana Pratt started Pratt Pest Management working out of his home and later moving into branch offices in Marysville, Washington. Dana has always held a philosophy of utilizing good science, maintaining the highest level of professional integrity, and delivering exceptional customer service.
Dana also places a strong emphasis on technical training and maintaining a work environment that is professionally rewarding and offers a decent livelihood for Pratt Pests’ employees.
The Decision to Sell Pratt Pest Management to Rentokil
With two grown children now moved away and a fondness for being in the outdoors, Dana and his wife Dawn, Pratt’s CFO, and a certified public accountant, decided it was time for them to sell the business and retire before reaching their 60’s. They had some thoughts about the type of buyer they hoped to see take over the business, to continue in their long-standing tradition of keeping both customers and employees satisfied. Dana realized that selling a business was not his area of expertise, however when he discussed this possibility with a broker outside of the pest control industry, he knew that their lack of industry knowledge and business synergies were a non-starter.
When he reached out to Dan Gordon, Managing Director of PCO M&A Specialists (a division of PCO Bookkeepers), whom he had heard speak at various NPMA and other industry conferences, he knew immediately that Dan and the PCO M&A team had the expertise and synergies needed to develop an overall game plan to find the right buyer and broker a great deal for the Pratt’s.
The Sale Of Pratt Pest Management to Rentokil
The PCO M&A Specialists team worked closely with Dana and Dawn to develop a suitable plan, gather and produce the information needed to market the company for sale, find the right buyer, and structure a deal that ultimately exceeded their expectations. While the deal was progressing, the PCO M&A team were in constant communication with Dana and Dawn so that they always knew what was going on and what the next steps would be. In the end, the deal was brought to a very smooth conclusion, with Dana and Dawn maximizing their after-tax proceeds and now looking forward to a comfortable early retirement. Per Dana, navigating this sales process can only go smoothly with seasoned professionals like the PCO M&A Specialists team.
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