ServiceMaster's (SERV) Terminix Acquires Sandwich Isle Pest Solutions
- Wall St. opens higher as M&A activity boosts confidence
- AT&T (T) to Acquire Time Warner (TWX) for $107.50/Share
- Rockwell Collins (COL) to Acquire B/E Aerospace (BEAV) for $6.4B
- TD Ameritrade (AMTD) to Acquire Scottrade in $4B Cash & Stock Deal
- Pre-Open Stock Movers 10/24: (BEAV) (JPEP) (HLT) Higher; (BAS) (INO) (ADRO) Lower (more...)
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
Terminix, the leading provider of termite and pest control services in the United States, announced an important expansion on the Hawaiian Islands with the acquisition of the assets of Pearl City-based Sandwich Isle Pest Solutions.
Founded in 1997, Sandwich Isle is one of the largest privately-held pest control companies on the Hawaiian Islands. The company specializes in residential pest and termite control and has earned and maintained a reputation for quality service and customer satisfaction.
"The acquisition of Sandwich Isle is an important strategic step in expanding our business on the Hawaiian Islands, an important region for termite, mosquito and general pest activity," said Rob Gillette, CEO of ServiceMaster (NYSE: SERV), the parent company of Terminix. "Sandwich Isle is well-known for its convenient and effective services and a strong commitment to its customers. It is one of the most advanced and sophisticated pest control organizations in Hawaii and we are proud to have them join our team."
Sandwich Isle provides termite and pest control services to thousands of customers throughout Oahu, Maui, Kauai, Molokai and the Big Island and Terminix will continue to operate the company under its current name.
"I've worked with Terminix leaders on industry affairs for several years now and chose to sell to them because of their commitment to our people and our customers," said Michael Botha, owner of Sandwich Isle Pest Solutions. "We have a long history of providing exceptional service at Sandwich Isle, and we wanted to find a company that would strengthen our service offerings, provide more opportunity for our employees, and continue the high level of service our customers deserve and expect."
Jason Bailey, vice president of mergers and acquisitions for ServiceMaster, added that acquisitions were important to the company's growth strategy and his team continues to seek residential and commercial services companies with respected brands, a legacy of quality service and strong customer relationships.
Tullius Partners represented and acted as exclusive financial advisor to Sandwich Isle.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SS&C Technologies (SSNC) Enters Agreement to Acquire CRM Solutions Provider Salentica
- Access National (ANCX) to Acquire Middleburg Financial (MBRG) in ~$233M Deal
- American Midstream Partners (AMID), JP Energy Partners (JPEP) Enter ~$2B Merger Agreement
Create E-mail Alert Related CategoriesManagement Comments, Mergers and Acquisitions
Related EntitiesTwitter, Definitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!