Skyline Pest Solutions Acquires Stinger Pest Solutions
Chris and Laura Mitchell, Owners of Stinger Pest Solutions, Share Their View on Selling Their Business
Stinger Pest Control is a Quality Pro certified company by the National Pest Management Association (NPMA) since 2004 and has an A+ rating from the Better Business Bureau. Stinger is also a member of the NPMA and the Georgia Pest Control Association (GPCA).
Stinger serves customers throughout the Metro Atlanta area since 2002 and was acquired by Chris and Laura Mitchell in 2005. Chris, having an MBA from DePaul University, has always focused on making Stinger a top-notch business ensuring that happy customers stay customers for a long, long time.
The Decision to Sell Stinger Pest Control:
After many years working together, Chris and Laura decided that, although rewarding to be an entrepreneur growing and maintaining a business, such business can make unreasonable time demands on a married couple trying to keep a balanced life. Accordingly, given their age and desire to slow down, the Mitchell’s decided that selling the business to a larger PCO with greater resources made the most sense, especially given the higher enterprise values seen in recent M&A transactions.
Although having an MBA and prior business experience in other industries prior to acquiring Stinger, Chris knew he needed specialized experience in finding an appropriate buyer. Accordingly, Chris reached out to his own trusted accountant, Dan Gordon, Managing Director of PCO M&A Specialists (a division of PCO Bookkeepers). Chris knew that Dan and his M&A team had the requisite expertise to find the right buyer to take over the Stinger Pest Control operations.
The Sale of Stinger Pest Control to Skyline Pest Solutions
:The PCO M&A Specialists team worked closely with Chris 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 satisfied the Mitchell’s expectations. Chris was in constant contact with all the M&A team members who were handling those multiple tasks required to bring a deal to successful conclusion. In the end, the consummated deal maximized their after-tax proceeds.
Once Laura and I made up our mind to sell the business, I immediately called Dan Gordon to engage his advisory services. I knew from past experience that his team added significantly more value to the equation than what other business brokers could offer…so, it was an easy decision to hire them. It was comforting to know the PCO M&A Specialist team had our back at multiple levels and made sure that nothing fell through the cracks.
It was the right decision looking with 20/20 hindsight and I highly recommend this team of experts to any owner who’s contemplating the sale of their pest management business.
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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 so fortunate that we had Dan, John, Doug and the rest of the PCO M&A Specialist team to look after our interests, find us the right deal and negotiate and structure it for maximum after-tax dollars. When the time came for selling we knew that Dan Gordon, his attorney partner, John Corrigan, and their team of MBAs and CPAs would get us the best deal on all important aspects 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.
The PCO M&A Specialist team 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.
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!