Skip to content

Potomac Announces Strategic M&A Transaction for Catseye to Fund Future Growth of the Brand

April 26, 2016

A smiling woman in black holds a tray with two bottles of juice featuring paw print labels and a bundle of grass. She stands on an orange carpet outdoors, with event decorations and people visible in the background.

Catseye USA Team

The Catseye USA team (Catseye Pest Control’s parent / media company). I am in the mix as well. They say a camera adds 10 pounds to you, apparently they had 3 or 4 cameras on me.

Well, the cat’s out of the bag…(sorry, that’s something my father would say while the rest of us would just roll our eyes… I guess I’m getting old) ServiceMaster is now the proud owner of certain assets of the Catseye family — a PCT Top 100 pest control company.

To the outside world, this looks like a simple transaction.

“Big deal,” you’re thinking, “So you sold pest control assets to ServiceMaster’s pest control division. So what? This happens all the time.”

Like many things in life, however, there is the seen and the unseen. This was a very strategic transaction and it is a small part of what Catseye’s parent company will be doing going forward.

I won’t be going into details today as I am going to give ServiceMaster time to issue their own release — especially considering it’s so close to earnings season. However, we’ve already got a case study on this one in the works as I personally learned a lot from it and I know you will too.

Finally, this is a very special client for me.  Founded in 1987 by John and Monica Gagne, Catseye has grown to a $9.7 million firm (ranking #69 on the 2015 PCT Top 100) operating in New York, western Massachusetts and Florida. For Catseye, this transaction is just the first step and will set the stage for future growth. I’ve been blessed to work with some of the fastest growing, most innovative and most profitable pest control companies on the globe and Catseye is certainly no exception. I am excited for the future with Catseye and I am humbled that they have asked me to be a key part of it.

I’ll close with a comment from Catseye shareholder and general counsel Anthony Maney who was an absolute pleasure to work with:

“I am a transactional attorney with 25 years of experience and I have never dealt with anyone as professional and talented as Paul. His attention to the needs of the client, ability to negotiate and complete the transaction is superb. The entire transaction, from initial engagement thru the closing, was incredibly well thought out and supported by Paul and his team. He’s nothing short of excellent.”

Now for some photos:

Terminix Team with Caddie Catseye Pest Control

The ServiceMaster Team: David Katz, Bill Derwin, Caddie, Julie Little, Jason Bailey and Tim Leslie

Brad Harbison PCT Catseye

David Miclette (Catseye USA VP) and PCT Magazine’s Brad Harbison deep in discussion at our black tie Gala

The Orange Carpet

Catseye Cocktails being handed out on the Orange Carpet

Paul Giannamore Catseye Gala

Paul Giannamore discussing the transaction and introducing Bill Derwin and Jason Bailey

Catseye Gala

I like to believe I am captivating the audience

Bill Derwin of Terminix Catseye

Bill Derwin, President of Terminix, arriving on the Orange Carpet

Catseye USA Gala

Catseye USA team unveils the future

Caddie Catseye
Catseye Pest Control_NY_4.17.16_W ServiceMaster_print

The morning of the closing … a photo taken from the Catseye USA drone

Brad Harbison from PCT Magazine attending the Gala. You can read his article on the transaction here.

Catseye_Potomac_Invitation

Our Latest Transactions

Rollins Acquires Saela Pest Control

Advised
Saela Pest Control

Business & Professional Services

Acquired by Rollins

Rollins

The Potomac Company is pleased to announce the acquisition of its client, Saela Pest Control, by Rollins, Inc., marking a significant milestone in the pest control industry. This transaction strengthens Rollins’ market position by expanding its reach across Colorado, Idaho,…

Greenix Pest Control Acquires Spidexx Pest Control

Advised
Spidexx Pest Control

Pest Control

Acquired by

Greenix

The Potomac Company is pleased to announce the acquisition of its client, Spidexx Pest Control, by Greenix Pest Control. Spidexx, a trusted name in residential pest control known for its customer-first approach and industry expertise, expands Greenix’s footprint in the…

Ned’s Home Acquires Ultra Safe Pest Management

Advised
Ultra Safe Pest Management

Pest Control

Acquired by

Ned's Home

The Potomac Company is pleased to announce the acquisition of its client, Ultra Safe Pest Management, to Ned’s Home. This strategic transaction marks a significant milestone for Ned’s Home, formerly known as Ned Stevens, as it continues its expansion into…

Greenix Pest Control Acquires ProActive Pest Management

Advised
ProActive Pest Management

Pest Control

Acquired by

Greenix

The Potomac Company is pleased to announce the acquisition of its client, ProActive Pest Management, by Greenix Pest Control. This strategic move strengthens Greenix’s footprint in the Midwest, reinforcing its commitment to delivering top-tier pest control services to its residential…

Encore Fire Protection Acquires Metro USA Fire Protection Inc.

Advised
Metro USA Fire Protection

Fire Protection, Safety & Security

Acquired by

Encore Fire Protection

The Potomac Company is pleased to announce the acquisition of its client, Metro USA Fire Protection Inc., to Encore Fire Protection. This strategic move marks a significant expansion for Encore Fire Protection, enhancing its service capabilities and footprint in New…

Orkin UK, a Business Unit of Rollins Inc., Acquires Beaver Pest Control

Advised
Beaver Pest Control

Pest Control

Acquired by

Orkin

The Potomac Company is pleased to announce the acquisition of its client, Beaver Pest Control, by Orkin United Kingdom, a subsidiary of Rollins, Inc. This transaction reinforces Orkin UK's position as a leader in the pest control industry, expanding its…