Rollins, Inc. signed a definitive agreement to acquire Northwest Exterminating Co., Inc. from Phillips family for approximately $120 million.

Rollins, Inc. (NYSE:ROL) signed a definitive agreement to acquire Northwest Exterminating Co., Inc. from Phillips family for approximately $120 million on July 25, 2017. The purchase price is subject to post-closing adjustments, also there is an opportunity for certain future earn out payments over the next three years. Northwest will continue to operate as a separate business, and one of Rollins' specialty brands, along with HomeTeam, Western Pest Services and Waltham. For the year ended 2016, Northwest Exterminating reported a revenue of just over $50 million. Rollins will partner with the Phillips family, who will remain with the company, along with their entire management team. The transaction is subject to the regulatory approvals and other customary closing conditions. The transaction is expected to close in early August 2017.

© S&P Capital IQ - 2017

Latest news about Rollins, Inc.

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Redburn Atlantic Adjusts Price Target on Rollins to $42 From $37, Maintains Neutral Rating Aug. 06 MT
Goldman Sachs Adjusts Price Target on Rollins to $53 From $50 Jul. 26 MT
Morgan Stanley Raises Price Target on Rollins to $46 From $43, Maintains Equalweight Rating Jul. 26 MT
Jefferies Adjusts Price Target on Rollins to $46 From $45 Jul. 26 MT
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UBS Adjusts Rollins Price Target to $51 From $49, Maintains Neutral Rating Jul. 15 MT
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Transcript : Rollins, Inc. Presents at Wells Fargo 2024 Industrials Conference, Jun-11-2024 02:15 PM Jun. 11
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Transcript : Rollins, Inc. Presents at Stifel 2024 Cross Sector Insight Conference, Jun-05-2024 01:15 PM Jun. 05
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Stifel Adjusts Price Target on Rollins to $54 From $49 May. 21 MT
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Redburn Atlantic Adjusts Rollins' Price Target to $37 From $35 May. 07 MT

Chart Rollins, Inc.

Company Profile

Rollins, Inc. is one of the world's leading providers of inspection and pest control services (insects, rodents, reptiles, etc.) for individuals and companies. Net sales break down by activity as follows: - insect control and deratting services to residential customers (45%); - insect control and deratting services to companies (33.9%): aimed in particular at companies operating in the agri-food, health, catering, food distribution and hotel sectors; - termite extermination services (19.9%); - other (1.2%). The United States accounts for 92.7% of net sales.

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Income Statement and Estimates

Analysis / Opinion

Rollins, Inc. : More pests please

Rollins, Inc. : More pests please

September 28, 2023 at 10:52 pm EDT