MARYSVILLE, Ohio – The Scotts Miracle-Gro Company announced that its Scotts LawnService business has acquired the assets of Action Pest Control, Inc., one of the largest residential pest control providers in the midwestern U.S.
Scotts LawnService, with anticipated sales of approximately $260 million in fiscal 2014, is currently the No. 2 player in lawn service. Given the fragmented nature of the $7 billion home pest control category, the company believes it can complement organic growth in lawn service by consistently expanding its pest control platform.
Action Pest provides a comprehensive range of residential and commercial pest control services to homeowners and businesses throughout Indiana, Kentucky and Illinois. As previously announced, the company expects the Action Pest business to add annual sales approaching $15 million and for the transaction to be earnings accretive in fiscal 2015.
Terms of the deal are not being disclosed. Tullius Partners served as Action Pest’s financial advisor for this transaction.