Press Release: Allpest
The owners of Allpest, Western Australia’s largest pest control operator are pleased to announce that they have entered into a business purchase agreement to the North American public company Rollins Inc., the world’s largest pest control business. Headquartered in Perth with regional branches in Karratha, Port Hedland, Newman and Broome, Allpest services the mining, oil & gas, commercial and residential markets. In addition to traditional pest management services Allpest provides consulting around the globe on pre-border protection to maintain Australia’s biosecurity. Established in 1959, the current business owners Greg and Sue Mills have operated Allpest for the past 15 years, growing it from 7 employees to over 160 currently.
With an annual turnover of more than one billion USD, Rollins provides pest management services to more than 2 million customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa and Mexico from more than 500 locations. Rollins will retain all current Allpest employees and Managing Director Mr Greg Mills will continue in a consultancy role to support the incoming Rollins Australia representative Mr Matt Turek who is relocating from the USA.
Greg said “I am delighted a company such as Rollins has seen the value and opportunity in this business that together my employees and executive team have built. I share the view that the two organisations have very similar values, beliefs and cultures with Rollins being an extremely capable, robust and professional organisation. This will be of benefit not only our clients but also to our employees.”
It is the intention of Rollins to continue managing the business in the same manner that it currently operates. Rollins Chief Financial Officer Mr Harry Cynkus said “Rollins has operated successfully in more than a dozen countries around the globe and has effected this predominantly through successful acquisition and integration of local in-country businesses. We are looking to the Asia Pacific to grow our business and the acquisition of Allpest is a key step in fulfilling that ambition.” Mr Mills reinforced this, saying “with biosecurity becoming such an important part of international trade Rollins will bring a much larger and global capability to our customers both current and future.”
There was an overnight announcement issued by Rollins to The New York Stock Exchange (attached).
The terms of the sale transaction remain private and confidential. The vendors were advised by KPMG Corporate Finance, Corrs Chambers Westgarth and Paragon Consultants.
Press Release: Allpest