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Eradico Pest Services acquired by Rentokil North America

March 23, 2015 — Eradico Pest Services, a business division of Eradico Services, Inc., has been acquired by Rentokil North America. The transaction closed earlier this month. Eradico, based in Novi, Michigan, was founded in 1931 and had been owned by Chuck and Steve Russell and David Sidder since 2006. Prior to that, the Company had been owned by long-time industry veterans Bill Russell and Glenn Sidder. The Company is one of the largest pest control providers in the Great Lakes region, servicing both commercial and residential customers throughout this market. Eradico Pest Services was ranked number 59 on the 2014 PCT Top 100 list.

“We had very specific objectives at the outset of this process”, said Chuck Russell. “Chief among them was to find an organization that shared our values and culture as well as provide opportunity for our people. Going through this process, it became clear Rentokil was the perfect fit for our organization.”

Russell added, “Tullius helped us to achieve all of our goals. We clearly couldn’t have done it without their expertise and I couldn’t imagine trying to do this without them helping us navigate through the process.”

Tullius represented and acted as the exclusive financial advisor to Eradico in the transaction. Terms of the transaction are not being disclosed.

Testimonials

  • “Especially in today’s market, selling your business can be a life changing event.  Choosing a winning team to represent your company in this important event is key to receiving the best possible outcome.  Lance and his team far exceeded my expectations by achieving a multiple that was 25% higher than my best expectation.  It was a pleasure to work with Lance’s high performance and attentive team throughout the entire process. I cannot recommend Tullius more highly.”

    Michael Botha Former President, Sandwich Isle Pest Solutions.
  • “Selling your business is complex and comprehensive.  Lance Tullius and his team paved the road for what became a very successful transaction.  They guided us through every step with candid and sound counsel.  I’m happy to say that in addition to having become a trusted confidante of mine, I’m happy to call Lance a friend as well.”

    Stuart Aust President, Bug Doctor, Inc.
  • "Tullius did an excellent job facilitating all aspects of our transaction. It has been two years since our deal was completed and I’m very happy with the decision we made, and the role Tullius played in the process and outcome. They are the best of the best!"

    Garry Tank Former President, Buffalo Exterminating

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