Strategic growth investment from Liberty Mutual Investments and
Imperial Capital to continue building scale and density in core
markets and strategically pursue new markets.
TAMPA,
Fla., May 21, 2024 /PRNewswire-PRWeb/ -- Certus
Pest Control ("Certus") has announced today that it received a
significant growth investment from Liberty Mutual Investments
("LMI") together with a follow-on investment from Imperial Capital
("Imperial"). The new capital will be used to accelerate the pace
of acquisition in existing markets as well as support entry into
new markets. With the investment, LMI will join Imperial Capital as
a strategic and capital partner to Certus. LMI is the investment
arm of Liberty Mutual Insurance Group.
Certus Pest Control to Accelerate Growth
and Acquisitions with New Capital Investment Strategic growth
investment from Liberty Mutual Investments and Imperial Capital to
continue building scale and density in core markets and
strategically pursue new markets.
"Our partnership with Imperial Capital over the past 5 years has
built a truly differentiated pest control platform that is fully
integrated and delivering industry-leading customer service. I am
excited that LMI is joining Imperial as a partner to support the
tremendous growth opportunity ahead," said Dave Bradford, CEO of Certus. "After a two-year
focus on integration and platform building, our team is now
market-leading on all operational metrics and is energized to grow.
We are prepared to make a bigger impact on the pest control
industry by expanding our business, bringing on new teammates, and
taking our business processes and systems into new markets. I am
very proud of this team and excited for this next chapter in the
Certus story."
Gene Shkolnik, Partner at
Imperial, added, "We are excited to continue partnering with Dave
and his team who are exceptional at what they do and, with
additional support from LMI, we believe that Certus has an
exceptional future."
Certus operates 21 branches nationwide, spanning 8 states across
the US, including Florida,
Georgia, Arizona, Nevada, California, Oregon, Washington, and Idaho. Through the platform's disciplined
market leadership and density building strategy, Certus continues
to increase the value proposition for its customers, supported by a
market-leading NPS score of 73 and an industry-high customer
retention rate. Certus is focused on growing the pipeline of
acquisitions and anticipates a significant number of new
acquisitions throughout 2024 and onwards.
William Blair acted as the
exclusive financial advisor to Certus in connection with its new
growth capital investment.
About Certus Pest Control
Certus was founded in 2019 by Imperial Capital with a vision for
a new pest control platform centered on building a fully integrated
platform through acquisition, regional brands, and applying the
best-in-class software and systems in order to manage the business
and deliver a great service and teammate experience. The Certus
team has decades of pest control industry experience and brought a
new way of thinking to the category; simply put, the team believes
there is always a better way through the application of technology,
data, and in driving a performance-oriented culture. Certus
operates across 21 branches across the U.S. in Florida, Georgia, Arizona, Nevada, California, Oregon, Washington and Idaho. For more information, visit
www.certuspest.com.
About Imperial Capital
Imperial Capital is a leading mid-market private equity firm
focused on North American opportunities to build or acquire
growth-oriented platform investments in targeted industry niches
within healthcare, business services and consumer services
industries. Based in Toronto,
Imperial Capital combines its deep industry focus, active portfolio
management and strong partnerships with experienced industry
executives to offer a differentiated approach to investing. With
assets under management of over US$3.5
billion, Imperial is currently investing from its
US$800 million Fund VIII. For more
information, visit www.imperialcap.com.
Media Contact
Morgan Turner, Certus Pest
Control, 1 855-224-2300, morgan.turner@certuspest.com,
certuspest.com
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SOURCE Certus Pest Control