Terminix Global Holdings, Inc

TMX NYSE
TMX
Terminix Global Holdings, Inc NYSE
 
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Important events

Dec 152021

No rest for the pests

Bugs of the world beware: there’s a new pest control giant on the way after Terminix gets captured in an acquisition.

  • Prices closed up 18% on Monday after popping 30% to a four-month high.
  • British competitor Rentokil (RTO) bought Terminix in a deal valued at $6.7bn as a way to expand into the U.S. market, which makes up more than half of the global pest control industry.
  • Pest control has boomed into a $22bn market thanks to growing concern for health and safety during Covid, as well the worsening effects of climate change – hotter temps mean happier homes for pests.
Javier Miranda / Unsplash

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