Norvestor Acquires Pelias and Terminix UK from Terminix to Form Northern European Pest Control Group

Rentokil Initial plc Completes Acquisition of Terminix; Terminix's U.K. and Norway Businesses Divested to Norvestor

October 12, 2022

Environmental Services

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.

Norvestor Acquires Serwent Holding AS

June 10, 2024

Industrial Services

Norvestor IX has signed an agreement to acquire Serwent Holding AS, a market-leading underground infrastructure maintenance specialist headquartered in Oslo, Norway. The private equity firm will become Serwent’s largest shareholder alongside management and key employees; the deal is expected to close in Q3 2024 and supports Norvestor’s plan to consolidate and expand Serwent’s presence across Northern Europe.

Pamplona Capital Management Acquires Pelsis from LDC

August 5, 2021

Manufacturing

Pamplona Capital Management has acquired Pelsis, the Knaresborough-headquartered manufacturer and distributor of pest control products, from mid-market private equity firm LDC. Financial terms were not disclosed; Pelsis — which has grown to more than 600 employees and increased sales from €87m to €150m under LDC — will pursue further international expansion under Pamplona's ownership.

Rentokil Terminix Acquires Four U.S. Wildlife Service Brands

September 26, 2025

Environmental Services

Rentokil Terminix has acquired four U.S.-based wildlife service companies — Apex Wildlife Solutions, Barnes Wildlife Control, Conserv Pest & Wildlife Services, and Wildman Wildlife Removal & Exclusion — to strengthen its wildlife removal, exclusion and remediation capabilities. The acquisitions expand Rentokil Terminix’s local service footprint across Texas, Ohio, Alabama and North Carolina and add specialized teams focused on humane removal and attic/insulation remediation.

Norvestor Acquires Majority Stake in PHM Group

March 11, 2020

Professional Services

Norvestor has signed an agreement to acquire a majority of the shares in PHM Holding Oy (PHM), a Finland-headquartered residential and commercial property maintenance services provider. The transaction backs PHM's Nordic expansion and consolidation strategy alongside existing owner Intera Fund III Ky and management, with PHM reporting ~€120m revenue and ~1,200 employees.

ServiceMaster Acquires Nomor Holding AB from Norvestor

September 9, 2019

Environmental Services

ServiceMaster Global Holdings, Inc. has acquired Nomor Holding AB from Norvestor VI, L.P. Nomor, headquartered in Sollentuna, Sweden, is a leading Nordic pest control and food-safety services provider (fourth largest in Europe) with ~SEK 500 million in revenue after a buy-and-build program under Norvestor.