Thompson Street Capital Partners (TSCP), a non-public fairness agency based mostly in St. Louis, Mo., introduced its portfolio firm PestCo Holdings has invested in Pest Drive, which is a part of Elrod Enterprises, and Boydstun Pest.
Pest Drive operates throughout the foremost metropolitan areas of Texas with department areas in Houston, Dallas-Fort Value and New Braunfels (Austin and San Antonio). Boydstun Pest operates in Midland, Texas.
The businesses are suppliers of economic and residential pest management throughout Texas. With the backing of PestCo’s staff and assets, Pest Drive and Boydstun are place to proceed to broaden their industrial and residential enterprise within the area. Phrases of the funding weren’t disclosed.
That is the seventh funding for PestCo, an acquisition firm fashioned to consolidate the extremely fragmented pest management trade.
“Pest Drive and Boydstun are well-managed, high-quality companies with a superb observe document of development,” stated Jay Keating, CEO of PestCo. “We’re excited to associate with Austin Elrod, Pest Drive, and Boydstun to positively impression PestCo’s total enterprise and assist in the subsequent section of Pest Drive and Boydstun’s development.”
Austin Elrod, founder and CEO of Pest Drive, added, “It has all the time been my place to make the very best selections for the betterment of my workers, household, and prospects. My workers and prospects are going to profit throughout the board from this transaction and I’m thrilled for the alternatives forward of them. I’m assured in PestCo and what they bring about to the desk, and I’m wanting ahead to working with them on reaching the very best ranges of success in Texas and past. Pest Drive and Boydstun have excelled by way of specializing in our dedication to customer support and I consider that is solely going to additional that dedication. The longer term is shiny, and I stay up for being part of that.”
“We’re excited to associate with the Pest Drive and Boydstun groups and broaden PestCo’s presence within the Texas area alongside Ecoteam,” Jeff Aiello, managing director at TSCP, stated.