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Wind Point Partners Provides Acquisition Capital to Wilson Pest Control

Private Equity Firm Outlines Consolidation Strategy in Highly Fragmented Pest Control Industry

CHICAGO, July 27 /PRNewswire/ — In a move to begin an aggressive consolidation strategy in the pest control industry, Wind Point Partners, a Midwest private equity firm, today announced that it has completed an investment in Wilson Pest Control, a leading pest control service provider in the Southeastern United States.

According to Jeffrey A. Gonyo, managing director of Wind Point Partners, his firm will use Wilson Pest Control as the platform company to build a national, integrated pest control services company through acquisitions within an industry he refers to as “highly fragmented.”

“Wilson Pest is a leading pest control services company that has the reputation in the marketplace and management experience with which we can build a competitive national company,” said Gonyo. “In addition, we plan to expand its core business to include such related services as lawn care.”

Gonyo added that Wilson currently is exploring two additional acquisitions that would be integrated into the platform company. Earlier this year, the company acquired Mooregard based in Charleston, S.C. and Barrier, also based in Charleston.

“One of the things that attracted us to the Wind Point partnership was their ability to assist us in arranging financing, developing systems and recruiting other key executives,” said Pamela Jordan, chairman and acting chief operating officer of Wilson Pest Control. “Wilson is poised to become a national player, and we know this partnership will immediately enhance our acquisition and operating goals.”

Jordan continued that, in addition to the two acquisitions currently under negotiation, Wilson Pest anticipates acquiring six additional companies in the next twelve months.

“The potential for growth in our industry is significant,” said Glenn Delk, chief executive officer of Wilson Pest Control. “It’s estimated the industry has $4.5 billion in annual revenue, which is impressive considering the fragmentation within it. We believe we have the experience, talent and now the capital base to significantly increase our market share.”

Gonyo went on to explain Wind Point’s plans for integrating each acquisition into the Wilson parent company.

“We will create an integrated, national franchise with best practices applied across acquired companies and business lines. Through this strategy, we’re confident we can achieve an increase in operating efficiencies and significant sales growth,” said Gonyo.

Wilson’s strategy to add new business lines is still being formalized with an eye on lawn care services, which would allow immediate synergies with Wilson’s pest control services. Wilson anticipates acquisitions in this area as well.

About Wind Point Partners
Wind Point Partners is a private equity investment firm established in 1983 with offices in Chicago and Southfield, Mich. that has invested successfully in more than 55 companies. The partnership’s current fund, Wind Point Partners III, has total commitments of $215 million which will be invested over the next five years.

The fund is targeting companies at many stages of development and across a variety of industries, including industrial manufacturing, specialty retail and consumer products, information technology services, media and publishing, healthcare equipment and services, telecommunications services and value-added distribution. WPP III portfolio companies include two telecommunications service providers, a discount greeting card chain, a ceramicsteel manufacturer, a bicycle company and a medical savings account debit card company.

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