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.
Location
Tennessee, United States
Transaction Type
Buyout

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