PestCo Holdings has acquired Arrow Pest Control of Morganville, N.J., in a deal announced by Thompson Street Capital Partners (TSCP), the private equity firm that owns PestCo.
The transaction brings into PestCo a company that has served residential and commercial customers across New Jersey for more than 50 years. The acquisition expands PestCo's capabilities in the New Jersey market. Terms of the transaction were not disclosed.
"We’re excited to accelerate PestCo’s growth in New Jersey while building upon Arrow’s long history of quality pest control service. We look forward to earning the continued loyalty of Arrow’s customers and creating opportunities for our new team members", said Jay Keating, CEO of PestCo.
Arrow owner Stewart Lenner said the future of the company's employees was central to the decision to sell:
"Our people have always been the heart of Arrow, and protecting their future was one of the most important factors in this decision. After careful consideration, I truly believe partnering with PestCo is in the best long-term interest of the entire Arrow family – both our dedicated team members and the thousands of clients who have placed their trust in us. From our very first conversations, the PestCo team demonstrated professionalism, integrity, and a genuine respect for the culture and values that have made Arrow successful." - Stewart Lenner
Paul Giannamore and Franco Villanueva-Meyer of The Potomac Company acted as the exclusive financial advisors to Arrow Pest Control.
Earlier this year, I covered the news of Thompson Street Capital Partners and PestCo Holdings acquiring Long Pest Control in Tacoma, Washington. We will continue to cover future acquisitions in the pest control industry.
