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New Deal


Announced

Completed

CenterOak Partners-backed Palmetto Exterminators completed the acquisition of PestNow.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Domestic

Majority

Friendly

Private Equity

pest control services

Consumer Services: Other

Acquisition

Private

Single Bidder

Completed

Synopsis

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CenterOak Partners-backed Palmetto Exterminators, a second-generation family-owned business providing pest control, completed the acquisition of PestNow, a company providing pest control services. Financial terms were not disclosed. “The PestNow acquisition is a great example of our theme-driven investment strategy focused on sourcing high-quality, closely held companies. We developed a thesis around the recurring, resilient and growing demand for pest control. As the first institutional capital provider to PestNow, CenterOak is well-positioned to support growth in the highly fragmented and attractive pest control services sector,” Jason Sutherland, CenterOak Co-Managing Partner.

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