CenterOak Partners completed the acquisition of a majority stake in Palmetto Exterminators.

CenterOak Partners, a private equity firm, completed the acquisition of a majority stake in Palmetto Exterminators, an independent pest control company providing general pest, recurring termite and mosquito control services. Financial terms were not disclosed. “Palmetto is a great fit with CenterOak’s focus on investing in family-owned businesses in growing, non-discretionary end markets. As the first institutional investor of a second-generation family-owned and operated business, we were attracted by the opportunity to leverage CenterOak’s recent relevant investment experience in the residential services sector. Palmetto has a long track record of growth, and we look forward to supporting the Company’s next stage of expansion, both organically and through acquisitions," Jason Sutherland, CenterOak Co-Managing Partner.