The Aust Group is pleased to announce the acquisition of their client, Atlas Exterminator Co. Inc., located in Cockeysville, MD to American Pest, an Anticimex Company.
Atlas Exterminator Co. Inc. has provided high quality and effective pest and termite control service to homes and businesses in Baltimore, MD and the surrounding areas since 1946. Bruce Morgan, the owner of Atlas, originally joined Atlas as a WDI inspector and grew the business into one of the premier pest providers in its market. Bruce was also the former President of the Maryland State Pest Control Association and helped formulate the WDI-O Credentialed Inspector Program for the Maryland State Pest Control Association.
Bruce Morgan, said regarding his experience, “When I made the pivotal decision to sell my company, I realized that the next move and most critical was finding the right advisor. From my first contact with Stuart Aust through the acquisition and beyond, these folks have been consummate professionals. Not only did they first accurately value my business so my expectations would be in line with the reality of the marketplace, but through the process of finding the right buyer, they worked diligently to see that maximum value became the reality. The Aust Group worked tirelessly though the entire process assisting and guiding me right to the closing date. So, while The Aust group negotiated with a potential buyer, I was able to stay fully focused on the performance of my company. That resulted in increased revenue and profit during the period and forced the offers to rise. The final negotiations by The Aust Group resulted in an increased offer that covered their fee. My advice is if you are looking for maximum value, do not go through it alone – hire The Aust Group and stay focused on your business.” The Aust Group represented Atlas as the exclusive financial advisor on this transaction.
The transaction closed on August 31st, 2020 and the terms of this transaction were not disclosed.