Rentokil Initial plc Completes Acquisition of Terminix; Terminix's U.K. and Norway Businesses Divested to Norvestor
October 12, 2022
Rentokil Initial plc completed its acquisition of Terminix Global Holdings, Inc., creating the world’s leading pest control company with approximately 4.9 million customers and ~57,700 employees combined. As part of regulatory/closing steps, Terminix divested its U.K. and Norway pest-management businesses to Norvestor (a Nordic private equity fund) prior to closing; those divested businesses generated ~ $60 million of expected 2022 revenue.
- Buyers
- Rentokil Initial plc, Norvestor VIII SCSp (managed by Norvestor Advisory)
- Targets
- Terminix Global Holdings, Inc., Terminix U.K. and Norway pest management businesses
- Sellers
- Terminix stockholders, Terminix Global Holdings, Inc.
- Industry
- Environmental Services
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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