Orange, Connecticut – The Aust Group is pleased to announce the most recent acquisition of their client, Connecticut Pest Elimination Inc. known as CT Pest Elimination to Orkin.
Michael and Mary Ann Lipsett formed CT Pest Elimination Inc. in 1990 and scaled their business to become the largest privately held pest control operation in Connecticut. The owner, Michael has been involved in several industry organizations with board seats on both Connecticut Pest Management Association (CPMA) and Connecticut Coalition Against Bed Bugs (CCABB).
CT Pest Elimination employs 60 employees and averages 40 vehicles on the road daily. They are members of National Pest Management Association (NPMA) and Connecticut Pest Management Association. CT Pest Elimination looks forward to growing their operation into new markets through their partnership with Orkin.
Michael Lipsett, Founder and President of CT Pest Elimination, said, “Working with The Aust Group was the best decision we could have made for brokering our business. They were so professional and spent a lot of time preparing us for the sale in advance. The deal could not have gone any smoother. Thank you to The Aust Group for a job well done.”
Stuart Aust, Principal of The Aust Group, said, “It was an honor and a pleasure to represent Michael and Mary Ann throughout the acquisition process. We feel this acquisition serves as a great fit for both parties and are excited to see the future growth of Connecticut Pest Elimination with the Orkin team.”
The Aust Group represented CT Pest Elimination as the exclusive financial advisor on the transaction. The transaction closed on January 18, 2021 and the terms of this transaction were not disclosed.