The Steritech Group, Inc.
The Steritech Group is a leading provider of pest prevention and brand standards audit services in North America, serving as a trusted partner to some of the world’s largest and most well-known brands. Having grown the business over 29 years, the founder sought help with succession planning, including the exploration of a sale.
RA Capital had previously advised Steritech on a potential buy-side engagement, as well as a review of strategic alternatives prior to the final decision to pursue a sale of the company.
As exclusive financial advisor to Steritech, RA Capital Advisors coordinated an accelerated sale process with a handful of global, strategic parties while both preserving Steritech’s confidentiality and minimizing disruptions to the business.
Rentokil Initial (LSE: RTO), one of the largest business services companies in the world providing pest control, hygiene, and workwear services, acquired Steritech for $425 million. The acquisition was one of the largest in the pest control industry’s history and was completed in less than four months, including HSR review.
The transaction received the 2015 San Diego BNY Mellon Advisor of the Year award for Sell-Side Marketing by an Investment Banker.
