Portsmouth, Rhode Island – The Aust Group is pleased to announce the most recent acquisition of their client, SHS Corp., known as SHS Pest Control based in Portsmouth, Rhode Island to Connecticut Pest Elimination, LLC, a subsidiary of Rollins Inc.
Formed in 1981 by Ernie Nascimento, SHS Pest Control – standing for Security, Honesty, and Safety – has become one of the most trusted, full-service pest control providers in Southeastern MA and RI, servicing some of the most prestigious properties in Newport County. A few years after forming the business, Ernie hired Michele Eccles in 1984, who was the first female technician in the state of RI. Michele later became a shareholder in the business alongside Ernie and was instrumental in the Company’s growth and industry involvement with NPMA, NEPMA, QualityPro, QualityPro Schools, and GreenPro. After 42 years of service, SHS Pest Control has now become part of the Connecticut Pest Elimination family.
Michele Eccles and Ernie Nascimento, co-owners said, “We want to thank The Aust Group for helping us sell our pest control business of 42 years. We could not have asked for a better experience. Stuart, Dan, Nick, and Chris walked us through every step from start to finish. We would recommend The Aust Group to anyone who is thinking of selling their pest control business. Their expertise and guidance throughout the entire process was priceless. Thank you from two happy and retired individuals. We also enjoyed getting to know the family, spending time together and feel we have new wonderful friends.”
Stuart Aust, Principal of The Aust Group, said, “We’re pleased to share the news on the acquisition of our client, SHS Pest Control to Connecticut Pest Elimination. It was a pleasure working alongside Ernie and Michele and learning about the business they’ve built. Having advised Connecticut Pest Elimination in their transaction to Rollins in 2021, we’re excited to see Connecticut Pest Elimination continue their expansion with this acquisition.”
The Aust Group represented SHS Pest Control as the exclusive financial advisor on the transaction. The transaction closed on February 16th, 2022, and the terms of the transaction were not disclosed.
The Law Offices of Mark H. Ruff, P.A. represented SHS Pest Control as legal counsel.
