Terminix Acquires Canada-based Pest Control Division of Citron Hygiene
The acquisition increases Terminix’s global footprint and secures key market share in Canada
MEMPHIS, Tenn. (May 19, 2021) – Terminix Global Holdings, Inc. (NYSE: TMX), a leading provider of essential pest and termite control services to residential and commercial customers, today announced the acquisition of the pest control division of Canada-based Citron Hygiene.
The teammates and assets included in the acquisition span across four Canadian provinces, the United Kingdom and Boston, Mass. This acquisition will bring about 65 new teammates to Terminix, adding geographic density in the Canadian pest control market, and making Terminix Canada the third largest pest management company in country. The acquisition also reaffirms Terminix’s commitment to the commercial pest space globally.
“We are thrilled that the amazing team from Citron is joining Terminix,” said Doug Hart, vice president of International Operations at Terminix. “When we enter into partnerships to buy businesses, we look for a team with passion for providing excellent customer service, leaders who are dedicated to their teammates, and customers who love their pest control provider. Citron’s pest control division has all three of those qualities and we couldn’t be more excited to welcome them.”
The Citron pest control team has demonstrated an excellent customer retention rate, a result of their expertise and commitment to service excellence. These teams, who primarily service commercial customers, will largely be based out of existing Terminix locations and will soon go to market under the Terminix brand name.
“We are grateful to the employees of our pest control division for their years of service and dedication,” said Mark Duxbury. “Joining a pure play pest control business will no doubt give them the support and focus to provide the best possible service for those customers.”
The acquisition closed on April 30, and LR Tullius represented and acted as exclusive financial advisor for Citron on the transaction.
About Terminix
Terminix Global Holdings (NYSE: TMX) is a leading provider of residential and commercial pest control. The company provides pest management services and protection against termites, mosquitoes, rodents and other pests. Headquartered in Memphis, Tenn., with more than 11,400 teammates and 2.9 million customers in 24 countries and territories, the company visits more than 50,000 homes and businesses every day.