Fox Pest Control has been acquired by Rollins. Fox, headquartered in Logan, Utah, employs over 1,300 people. According to PCT Magazine’s Top 100 rankings, the company is the 13th largest pest management company.
Fox, which was founded in 2012, serves residential customers in 13 states. Aside from door-to-door marketing, the company has expanded through digital channels.
Fox was recently named to the Inc. 5000 list as one of America’s fastest growing private companies.
We provide the team at Fox Pest Control with new services to offer to their existing customers, in addition to providing HomeTeam with an efficient entry point into new markets, said Jerry Gahlhoff, Jr., Rollins president and CEO. The acquisition’s highly complementary nature will provide both brands with new avenues of growth across multiple regions.
The transaction is worth $350 million, which includes $32 million in contingent payments based on future growth and profitability levels.
In 2022, Fox had annual revenues in excess of $120 million. Rollins plans to provide additional details on this transaction during its first-quarter earnings conference call later this month.
In 2022, Fox had annual revenues in excess of $120 million. Rollins plans to provide additional details on this transaction during its first-quarter earnings conference call later this month.
HomeTeam was a natural cultural fit for Fox. Our long-standing relationship with the Rollins organization has been a blessing to our company, and we kept that in mind when pursuing this opportunity Fox Pest Control co-founder Mike Romney stated. “We are excited to benefit from HomeTeam’s industry expertise as well as its track record of excellence.
