Halle Capital Management Announces Launch of Pest Control Company, Rockit Pest, in Conjunction With Its Acquisition of Spencer Pest Services
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NEW YORK--(BUSINESS WIRE)-- Halle Capital Management ("Halle"), a New York-based growth equity investment firm, today announced the launch of Rockit Pest, Inc. ("Rockit"), a newly formed company focused on acquiring and operating regional pest control companies.
Rockit Pest was founded by Halle to provide capital solutions to pest control operators looking for either an ownership transition or to partner with a group of experienced executives to accelerate growth and help build a best-in-class pest control company. In addition to serving as a capital partner, Rockit brings operating, business development, financial, strategic, and other advisory skillsets to assist its pest control partners in successfully scaling their businesses.
In conjunction with the company's formation, Rockit has acquired Spencer Pest Services ("Spencer"), a Greenville, South Carolina-based provider of general pest control, termite treatment, and other related services to residential and commercial customers throughout the Upstate region of South Carolina and Northwestern North Carolina. Laura Corbin, grand-daughter of the Founder and President of Spencer Pest Services, will continue to manage the business in partnership with Rockit.
Laura Corbin, President of Spencer Pest Services, said, "Rockit's acquisition of Spencer Pest Services is a win-win for both our customers and our dedicated employees as it enables us to enhance our existing capabilities throughout our service territory while providing us with unique opportunities to strategically scale our footprint and provide our employees with a broader range of career opportunities. We are looking forward to working closely with Jay and the team at Halle Capital and Rockit."
Jay Abramson, Senior Partner at Halle Capital, said, "Halle is invested in several consumer services businesses that benefit from secular tailwinds, market fragmentation, and greater tech-enablement. The pest control industry shares these attractive characteristics. We are fortunate to be working with Laura and her team on this first step in our journey to build Rockit Pest into an industry-leading player."
About Halle Capital Management
Halle Capital is a New York-based growth equity-focused investment firm that provides capital and strategic guidance to companies in the healthcare, consumer, and business services sectors. We leverage our extensive experience, robust professional network, collaborative mindset, and deep understanding of growth drivers to partner with mission-driven management teams. For more information, please visit www.hallecapital.com.
Halle Capital Management
Mike Geller (Prosek Partners on behalf of Halle Capital)
Source: Halle Capital Management
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