Environmental Pest Service Acquisition
Rentokil Initial has acquired Environmental Pest Service (EPS), a Tampa, Florida-based commercial and residential pest control company with revenues of US $82 million (£60 million) in 2020.
EPS operates 30 branches in East Florida, West Florida, North Georgia and North Carolina under the brand names, "Arrow Environmental" and "Bug Out".
Announcing the acquisition, Rentokil Initial plc Chief Executive, Andy Ransom, said:
"EPS is a high-quality company of significant scale with a strong reputation for service delivery and technical ability, and with a culture which will make an excellent fit with our own.
"This acquisition is very much in line with our strategy to acquire pest control businesses that build customer density and add to our scale in key local markets - by acquiring EPS we can immediately add density, provide improved customer service, and provide incremental revenue to several of our sub-scale existing Rentokil locations on the Florida Gulf Coast, as well as build on our existing presence in north eastern Florida, metro Atlanta and North Carolina."