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Orkin Acquires Hulett Environmental Services’ Central Florida Branches

Posted By admin On October 3, 2012 @ 4:30 am In Pest Control, Press Center | No Comments

Orkin acquired the Central Florida branches of a South Florida-based competitor, Hulett Environmental Services Inc.

They said the eight branches — in Orlando, Oviedo, Kissimmee, Lake County, Daytona Beach, Melbourne, Tampa area and Sarasota — have combined revenue of more than $8 million.
Family-owned Hulett, based in West Palm Beach, will retain its South Florida operations.

“While this was a difficult decision, we believe that, by narrowing the company’s footprint, we can concentrate better on growing our South Florida business,” said Tim Hulett, president and owner of Hulett Environmental Services. “This move also allows me to spend more time with my family, which is very important to me.”

Hulett Environmental Services, established in 1968, had 2011 revenue of more than $35 million.

“We are extremely pleased to have reached this agreement,” said John Wilson, president of Orkin USA. “The Huletts and their employees have built a business over the past 40 years that enjoys a great reputation in residential, commercial and termite-control services across the state.”

Transaction details are not disclosed.


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Article printed from The Potomac Company - Mergers & Acquisitions, Valuations and Corporate Development: http://www.potomaccompany.com

URL to article: http://www.potomaccompany.com/2012/10/03/orkin-acquires-hulett-environmental-services-central-florida-branches/

URLs in this post:
[1] Rentokil Acquires Western Exterminator: http://www.potomaccompany.com/2012/09/25/rentokil-acquires-western-exterminator/
[2] Buying a Pest Control Business: http://www.potomaccompany.com/2010/08/13/buying-a-pest-control-business/
[3] Rentokil / Ehrlich Acquires Mountain Pest Control: http://www.potomaccompany.com/2010/02/01/rentokil-ehrlich-acquires-mountain-pest-control/
[4] Sunair Services and George Costanza: Negotiating Hard for Less Money: http://www.potomaccompany.com/2009/10/12/sunair-services-and-george-constanza-negotiating-hard-for-l
ess-money/

[5] Orkin Acquires Precision Pest Control and Bob’s Termite and Pest Services: http://www.potomaccompany.com/2009/02/04/orkin-acquires-precision-pest-control-and-bob%E2%80%99s-ter
mite-and-pest-services/

[6] Massey Withdraws Offer to Acquire Sunair Services: http://www.potomaccompany.com/2009/01/27/massey-withdraws-offer-to-acquire-sunair-services/
[7] Massey Acquires Sunair… We’ll Know by Monday: http://www.potomaccompany.com/2009/01/21/massey-acquires-sunair-well-know-by-monday/
[8] Orkin Acquires Crane Pest Control: http://www.potomaccompany.com/2009/01/06/orkin-acquires-crane-pest-control/
[9] Terminix Acquires 19 Pest Control Companies in First Six Months of 2008: http://www.potomaccompany.com/2008/12/01/terminix-acquires-19-pest-control-companies-in-first-six-mo
nths-of-2008/

[10] Ehrlich/Rentokil Acquires Shamrock Pest Management: http://www.potomaccompany.com/2008/08/09/ehrlichrentokil-acquires-shamrock-pest-management/
[11] Orkin Announces Acquisition of Five Pest Control Companies: http://www.potomaccompany.com/2008/05/13/orkin-announces-acquisition-of-five-pest-control-companies/
[12] The Orkin / HomeTeam Deal: A Closer Look at the Numbers: http://www.potomaccompany.com/2008/04/22/the-orkin-hometeam-deal-a-closer-look-at-the-numbers/
[13] Rollins Acquires HomeTeam Pest Defense for $137 Million: http://www.potomaccompany.com/2008/03/31/rollins-acquires-hometeam-pest-defense-for-137-million/
[14] The Rollins / HomeTeam Purchase Agreement: http://www.potomaccompany.com/2008/04/16/the-rollins-hometeam-purchase-agreement/
[15] Copesan Announces the Addition of Two New Partners: http://www.potomaccompany.com/2008/03/27/copesan-announces-the-addition-of-two-new-partners/
[16] Copesan Initiates Disengagement With J.C. Ehrlich/Rentokil and Presto-X: http://www.potomaccompany.com/2008/01/15/copesan-initiates-disengagement-with-jc-ehrlichrentokil-and
-presto-x/

[17] Potomac Announces Acquisition of Brazilian Pest Control Company: http://www.potomaccompany.com/2007/12/11/potomac-announces-acquisition-of-brazilian-pest-control-com
pany/

[18] Losing $75K in 7 Seconds: Purchase Price Allocation 101: http://www.potomaccompany.com/2007/11/19/losing-75k-in-7-seconds-purchase-price-allocation-101/
[19] The Texas Pest Control Association Announced 2008 Election Results: http://www.potomaccompany.com/2007/11/19/the-texas-pest-control-association-announced-2008-election-
results/

[20] Killing You Softly, Part 1 – Your Pricing: http://www.potomaccompany.com/2007/11/15/killing-you-softly-part-1-%E2%80%93-your-pricing/
[21] ISS Expanding Into Pest Control in Mexico: http://www.potomaccompany.com/2007/11/11/iss-expanding-into-pest-control-in-mexico/
[22] Paul Giannamore to Address the Texas Pest Control Association Convention: http://www.potomaccompany.com/2007/11/09/paul-giannamore-to-address-the-texas-pest-control-associati
on-convention/

[23] Sunair: Exterminating Value?: http://www.potomaccompany.com/2007/10/18/sunair-exterminating-value/
[24] Extortion at Closing: http://www.potomaccompany.com/2007/10/16/extortion-at-closing/
[25] Pest Control Acquisitions and Business Valuation for Pest Control Companies: Potomac Introduces the Potomac Pest Control Weekly: http://www.potomaccompany.com/2007/05/07/potomac-introduces-the-potomac-pest-control-weekly/
[26] Orkin Acquires General Pest Control: http://www.potomaccompany.com/2007/02/01/orkin-acquires-general-pest-control/
[27] Orkin Acquires Three New Pest Control Companies Across U.S.: http://www.potomaccompany.com/2007/01/10/orkin-acquires-three-new-pest-control-companies-across-us/
[28] Paul Giannamore to Speak at PCT M&A Seminar: http://www.potomaccompany.com/2006/12/06/managing-director-paul-giannamore-to-speak-at-pct-ma-semina
r/

[29] Orkin / Western Acquires JRG Pest Control: http://www.potomaccompany.com/2006/12/01/orkin-western-acquires-jrg-pest-control/
[30] Consolidation Continues in the Pest Control Industry: http://www.potomaccompany.com/2006/04/02/consolidation-continues-in-the-pest-control-industry/
[31] Kotler Pest & Termite Control Acquired by Terminix: http://www.potomaccompany.com/2004/10/16/kotler-pest-termite-control-acquired-by-terminix/
[32] Wind Point Partners Provides Acquisition Capital to Wilson Pest Control: http://www.potomaccompany.com/1998/07/28/wind-point-partners-provides-acquisition-capital-to-wilson-
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