Ecoteam, LLC and Envirotrol Pest Solutions, Inc. acquired by Thompson Street Capital Partners
Ecoteam, LLC and Envirotrol Pest Solutions, Inc. (“Ecoteam” or the “Company”), both based in Texas, were acquired by Thompson Street Capital Partners. The transaction closed earlier this month. The management teams of both companies, led by Jon Polenz and Patrick Polenz, will remain in place to continue to grow the respective businesses. Thompson Street, a private equity firm based in St. Louis, Missouri, recently announced the formation of an acquisition company, PestCo Holdings LLC (PestCo), to acquire companies in the highly fragmented pest control industry.
Operating in Texas with locations in Houston, Dallas-Fort Worth, Austin, and San Antonio, and founded in 1978, Ecoteam is a provider of commercial pest control services with a particular focus on serving multifamily complexes. The Company has quickly grown to become a leader in this expanding market.
Jon Polenz, President of Ecoteam, said, “Ecoteam and Envirotrol have prioritized providing excellent service to our customers for decades. We believe that partnering with the PestCo and TSCP teams will help us to accelerate our growth profile while allowing Ecoteam to maintain its team and unique culture.”
Patrick Polenz, Vice President at Ecoteam, added, “Ecoteam has found success as a result of its many dedicated employees and loyal customers. We look forward to continuing to offer our quality service and to enhancing our growth opportunities as a part of PestCo and in partnership with TSCP.”
Jay Keating, CEO of PestCo, said, “Ecoteam is a well-managed, high-quality business with an excellent track record of growth. We are excited to partner with Jon Polenz and Patrick Polenz to help take Ecoteam to the next level.”
Brandon Muirhead, Director, TSCP, said, “We quickly recognized the leading position Ecoteam has established in Texas over many years under the leadership of Jon and Patrick. We are thrilled to partner with them and the rest of the team at Ecoteam to help the Company achieve its next phase of growth.”
LR Tullius represented and acted as exclusive financial advisor to Ecoteam on the transaction.