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Concentric Equity Partners sells EPS to Rentokill North America

Concentric Equity Partners announced the sale of Environmental Pest Service (EPS), the holding company for regional Southeast US pest control brands Arrow Environmental Services and Bug Out Service, to Rentokil North America. 

The sale of EPS marks the end of a decade-long journey building a single-office, local operator into a multi-state, regional provider with 23 branches and a recognised brand for service quality. Environmental Pest Service, which ranked No15 on the 2020 PCT Top 100 list, has more than 100 years of experience in pest control, serving communities throughout Florida, southeast Georgia, metro Atlanta and central North Carolina. George Pickhardt, Chairman of the Board, partnered with Ken Hooten of Concentric Equity Partners in 2010 to significantly expand the platform George took over from his father in 1992. During the past 10 years the company completed 98 acquisitions, expanded into three new geographic markets, and grew at an average annual rate of more than 30 per cent. 

“We are proud to have built an organization committed to serving both customers and front-line employees and are pleased to have Rentokil carry our mission forward,” says Rob Swartz, Operating Partner at Concentric Equity Partners.

“The Environmental Pest Service team has built an impressive company, committed to excellence in their pest control craft,” says John Myers, President and CEO of Rentokil North America. “The demand for pest control is high, and we are expanding to meet the growing needs of residential and commercial customers across the Southeast with this acquisition. We look forward to welcoming the customers and more than 600 colleagues to the Rentokil family.”

“We are thrilled with the opportunity to combine our incredible, customer-focused, high-performing team with Rentokil North America,” says Environmental Pest Service CEO, Shawn Lucht. “Our mirrored cultures are a perfect match and will result in impressive future growth.” 

LR Tullius represented and acted as exclusive financial advisor to Concentric Equity Partners and Environmental Pest Service on the transaction.

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