The Aust Group – 2019

The Aust Group is pleased to announce the most recent acquisition of their client, Lytle’s Termite & Pest Control to ServiceMaster’s subsidiary, Terminix International. Lytle’s Termite & Pest Control is located in Morehead, Kentucky. The Aust Group represented Lytle’s as the exclusive financial advisor on this transaction.

Founded in 1982 by Nick Lytle, the Company started as a local pest operation based out of Morehead, KY. In 2010, Nick exited the Company and passed along the business to his son, Norman. Lytle’s has built and maintained its business by offering quality and dependable service to customers, as well as excellent customer care.

Norman Lytle’s said, “I want to thank Stuart and the staff at The Aust Group for their hard work in assisting with selling our business. It has been a real pleasure to work with The Aust Group the past few months. From start to finish their level of professionalism, dedication, and attention to detail is amazing. I could not have imagined the sale of our business being so seamless while at the same time being such an enjoyable experience.“

With regards to the transaction, Daniel Aust, Director of M&A commented, “We are excited for Norman on this great milestone. The acquisition will add more density to Terminix’s footprint in the Greater Lexington market.”

For more information regarding the sale of your business, Stuart Aust can be reached at 772-299-8534 or stuart@theaustgroup.com.

The Aust Group is pleased to announce the most recent acquisition of their client, Desert Pacific Exterminators to ServiceMaster’s subsidiary, Terminix International. Desert Pacific Exterminators, located in Yucca Valley, California, was acquired as part of an asset purchase agreement. The Aust Group represented Desert Pacific as the exclusive financial advisor on this transaction.

In 1991, Steve and Laurie Hawkins formed Desert Pacific Exterminators, focusing on the High Desert market. Voted as “Best of the Best” in the Morongo Basin for the last six years, Desert Pacific shows that they are a preferred pest control provider in their area. With strong ties to the community and the opportunity for growth, Desert Pacific makes for a great fit to the ServiceMaster team.

Steve and Laurie said, “We had been in business for over 25 years so it was hard to hand over our company to just anyone. The Aust Group was so helpful and they immediately communicated expectations with us and helped us every step of the way. The Aust Group was able to assist us with all the due diligence items needed in order to close. Daniel Aust was extremely accommodating to us and was paramount in making this sale happen. I couldn’t have done it without The Aust Group! I highly recommend them to anyone who is considering selling their business. Local companies are so personal to your community and your employee family. The Aust Group recognized this and was able to relate to us. It was so wonderful having The Aust Group on our side!”

With regards to the transaction, Daniel Aust commented, “Congratulations to Steve and Laurie Hawkins on building and growing a successful asset over the last 25 years – it was a pleasure to work with you both. This acquisition serves as a vehicle for Terminix International to add recurring customers and increase market share in San Bernardino County, California.”

For more information regarding the sale of your business, Stuart Aust can be reached at 772-299-8534 or stuart@theaustgroup.com.

The Aust Group is pleased to announce the most recent acquisition of their client, HomePro Pest Control to Orkin. HomePro is based out of Chesapeake, Virginia and was acquired as part of an asset purchase agreement. The Aust Group represented HomePro as the exclusive financial advisor on this transaction.

Mickey Ferrell, the owner of HomePro Pest Control, formed the company in 2007. Mickey, his wife Denise, and their son Matthew have grown the business over the last several years into a leading pest control brand in the Virginia Beach market servicing a predominately residential customer base. HomePro has been awarded the Pilot Reader’s Choice Award since 2013 and now joins Rollins as part of their award-winning team.

The Ferrell’s said, “As we started thinking of selling, we wanted to work with a company who understood pest control, understood the nuances of the specialized services.  The Aust Group stood out. Their previous ownership of a pest company was so helpful, we talked the same language. The experience we have had with the Aust Group has been outstanding. From the beginning and right through the closing they were great.  We would highly recommend The Aust Group if you are in the market to sell your business. Let them help you!”

With regards to the transaction, Stuart Aust commented, “I’m delighted for Mickey and Denise Ferrell, and their son Matthew of HomePro Pest Control, as they have built an impressive company over the years. HomePro makes a great fit for Rollins due to their team-oriented culture and reputation for customer service in Virginia Beach and the surrounding areas.”

For more information regarding the sale of your business, Stuart can be reached at 772-299-8534 or stuart@theaustgroup.com.