Senske receives Private Equity Investment
Senske Services (the “Company”), a lawn care and pest control company based in the Pacific Northwest, has received a significant investment from GTCR, a private equity firm based in Chicago, Illinois. The transaction closed on December 15, 2022.
With its origin dating back to 1947, when it was founded by the Senske family, the Company today is one of the largest lawn care and pest control companies in the Pacific Northwest and Intermountain regions. It has recently been led by its CEO, Chris Senske, COO, Tim Ehrhart, and CFO, Bjorn Gjerde.
“I am very excited for Senske to be a nationwide brand in the lawn care space and look forward to a successful relationship with GTCR,” said Chris Senske.
Chris Senske will step down as CEO, but will remain a substantial shareholder of the Company and remain on its board of directors. Taking over as co-CEOs are Casey Taylor and Nathan Hurst, former CEOs of the commercial water filtration business Waterlogic. Taylor and Hurst will also invest in Senske.
Senske Services will serve as the platform for a broader national expansion in the residential lawn care and pest control industries.
“We are excited to partner with GTCR and look forward to continuing to provide Senske’s customers with exceptional service,” said Taylor and Hurst. “GTCR brings significant resources and experience in building companies and together we expect to grow Senske into a leading national lawn care and pest control company.”
LR Tullius served as exclusive financial advisor to Senske Services and Gravis Law served as legal advisor to Senske on the transaction.