Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, today announced the acquisition of Reliable Pest Solutions (Reliable) by PestCo Holdings, LLC (PestCo), a TSCP portfolio company. Located in Hannibal, MO, Reliable is a provider of commercial and residential pest control in Missouri, Illinois, and Iowa. With the backing of PestCo’s team and resources, Reliable is positioned for future growth, while continuing to provide high-quality service to customers. Terms of the transaction were not disclosed.
This is the eighth investment for PestCo, an acquisition company formed to consolidate the highly fragmented pest control industry.
“Reliable is an excellent addition to our growing presence in Missouri and Illinois while creating new opportunities in Iowa,” said Jay Keating, CEO of PestCo, “We look forward to working together with the Reliable team to grow this operation and our footprint in the Midwest.”
Mike Scholes, owner of Reliable, added, “Reliable Pest Solutions has been at the forefront of providing quality pest control services to our clients throughout MO, IL, and IA for more than 80 years. We sought out a partner that would not only support our growth but provide great value to our customers and new opportunities for our employees. We’re excited for our partnership with PestCo and TSCP and look forward to the future of Reliable Pest Solutions.”
“Thompson Street is excited to add a quality business such as Reliable to our portfolio while continuing to expand PestCo’s growing presence in the Midwest alongside our previous acquisitions of Pointe, Bel-O, and Mick’s,” said Jeff Aiello, Managing Director, TSCP.
Stuart and Dan Aust of The Aust Group represented Reliable Pest Solutions as the exclusive financial advisor on the transaction.