Rentokil to Acquire Steritech

摘要

High-profile acquisition substantially grows Rentokil and strengthens its presence in the commercial sector,In September, Rentokil announced it had entered into a definitive agreement to acquire The Steritech Group, based in Charlotte, N.C., for $425 million in cash.The deal, which received regulatory approval on Oct. 2, dramatically reshapes the pest control industry by merging Steritech — a $143 million company and ranked #7 on the 2015 PCT Top 100 list — with Rentokil, #4 on the PCT Top 100 list with annual revenues of $390 million.