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Bids, Mergers and Takeovers

Rentokil Initial acquires Allgood Pest Solutions

07 February 2017 07:20

Rentokil Initial confirms the acquisition of Allgood Services of Georgia Inc, which trades as Allgood Pest Solutions,

Allgood is a premium pest-control company headquartered in Atlanta, and also operated in Tennessee. It generated annualised revenues for the 12 months prior to acquisition of $26m.

Last year, Rentokil Initial acquired 17 businesses in North America, in line with its strategy to accelerate growth in its pest control business and to pursue acquisitions in higher growth markets.

The pest control market in North America is estimated to be worth just over $8bn a year and accounts for about 50% of the market worldwide, and is therefore a key strategic market for the Company.

Story provided by StockMarketWire.com

Related Company: RTO

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