Terminix Acquires Alterra Pest Control
Emergent Pest Control Company Provides Further Momentum in Residential Services Market
MEMPHIS, TN - (Marketwired - November 11, 2015) - Terminix®, the leading provider of termite and pest control services in the United States, today announced the acquisition of certain assets of Alterra Pest Control. Founded in 2012, Alterra is one of the 15 largest pest control companies in the U.S. specializing in residential services. Led by entrepreneur David Royce, the company has been consistently recognized for its success in the pest control industry.
"By adding Alterra's customers and employees to Terminix, we build on our already strong presence in the residential pest market," said Bill Derwin, president of Terminix, a subsidiary of ServiceMaster (NYSE: SERV). "This acquisition is a perfect complement to our existing business and enables us to leverage our technical expertise, marketing strength and systems to bring value to these new customers."
"It was an easy decision to sell to Terminix," said David Royce. "We built this company with core values based on exceptional customer service, environmental responsibility and above all, a positive team mentality. We were only interested in finding a company that met these high standards and made commitments to develop our employees and meet the expectations of our customers."
Terminix will continue to service these customers under the name "Alterra" and comes with more than 400 full-time employees in 22 branches across 15 states.
This acquisition continues the Terminix growth strategy of organic growth, new services and acquisitions. In the past twelve months Terminix has also acquired other well-known pest, termite and wildlife control companies in North America, including Ace Pest Control, Atlanta Pest Control, Bug Busters, Cabot Pest Control, Capelouto Termite and Pest Control, and Excel Pest Control.
Terminix is the leading provider of termite and pest control services in the United States. Headquartered in Memphis, Tenn., Terminix services approximately 2.8 million residential and commercial customers in 47 states and 22 countries. Terminix provides pest control services and protection against termites, rodents and other pests threatening human health and/or safety. To learn more about Terminix, visit www.terminix.com.
ServiceMaster Global Holdings, Inc. is a leading provider of essential residential and commercial services, operating through an extensive service network of more than 8,000 company-owned, franchised and licensed locations. The company's portfolio of well-recognized brands includes American Home Shield (home warranties), AmeriSpec (home inspections), Furniture Medic (furniture repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster Restore (disaster restoration) and Terminix (termite and pest control). The company is headquartered in Memphis, Tenn. Go to www.servicemaster.com for more information about ServiceMaster or follow the company at twitter.com/ServiceMaster or facebook.com/ServiceMaster.
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